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Foreclosures

Foreclosure Filings Off Nearly 30%, RealtyTrac

Foreclosure Filings Off Nearly 30%, RealtyTrac

On paper at least foreclosure filings fell nearly 30 percent in 2011 according to year-end figures from RealtyTrac, the nation’s leading source of foreclosure listings and data. But the new numbers tell only part of the story. What they really demonstrate is that millions of homes remain distressed and that the foreclosure process itself continues […]

October Foreclosure Activity Down 31 percent, Says RealtyTrac

October Foreclosure Activity Down 31 percent, Says RealtyTrac

Foreclosure activity remains hounded by robo-signing disputes. The result is that October foreclosure filings were down 31 percent when compared with a year ago according to RealtyTrac, the leading online marketplace for foreclosures. The company said that foreclosure filings for October — default notices, scheduled auctions and bank repossessions — were reported on 230,678 U.S. properties in October, […]

Foreclosure Discount Gets Bigger & Bigger

Foreclosure Discount Gets Bigger & Bigger

Buy low and sell high is a traditional real estate investing strategy and with good reason: Unlike the stock market you can’t sell homes short and make a dime. Thus it makes considerable sense to buy property at the lowest possible price and that brings us to RealtyTrac’s foreclosure report for the second quarter: “The […]

Distressed Homes Selling at 32% Discount

Distressed Homes Selling at 32% Discount

If you want to pay less for a home then look for distressed property, the homes which are facing foreclosure or will be foreclosed. Why? They’re selling nationwide with a 32-percent mark-down. Such properties can be found. If you’re buying a home in the U.S. the odds are 3 in 1 that the property you […]

RealtyTrac: Metro Foreclosure Activity Stifled By Paperwork Jam

RealtyTrac: Metro Foreclosure Activity Stifled By Paperwork Jam

Foreclosure filings were down 84 percent during the first half of 2011 according to RealtyTrac, a sign that might normally be seen as good news. But as with so much else regarding mortgages and the foreclosure mess, the real story should be cause for concern. RealtyTrac reports that 178 of the nation’s 211 metropolitan areas […]

Foreclosed Homes for Less Than $100,000

Foreclosed Homes for Less Than $100,000

The latest quarterly figures are in and it’s not great news on the real estate front: According to RealtyTrac, distressed real estate accounts for 28 percent of all existing home sales in the first quarter. No less important, the typical foreclosure discount was 27 percent lower than homes not in foreclosure. Combine falling home prices […]

Robo-signing scandal slows mortgage loan foreclosures

Robo-signing scandal slows mortgage loan foreclosures

For the third time in three months foreclosure filings fell below the 300,000 mark. While this may sound like good news, it’s actually a by-product of the ongoing robo-signing scandal. “We’ve now seen three straight months with fewer than 300,000 properties receiving foreclosure filings, following 20 straight months where the total exceeded 300,000,” said James […]

2010 foreclosure activity soars in metro areas

2010 foreclosure activity soars in metro areas

The latest quarterly report from RealtyTrac.com shows that 2010 foreclosure activity increased in 149 or the nation’s 206 largest metro areas when compared with 2009. The firm also reported that the 10 highest foreclosure rates all posted decreasing foreclosure activity from 2009 and six of the top 10 also posted decreasing foreclosure activity from 2008. “Foreclosure […]

Can I Get A Foreclosure Mortgage?

Can I Get A Foreclosure Mortgage?

If you’re interested in buying foreclosed real estate there are mortgages out there for you. In fact, a possible source of a foreclosure mortgage is the very lender selling the foreclosed property. In terms of financing, real estate is real estate. The fact that it’s a foreclosure, distressed property or home for sale under normal […]

Mortgage loan foreclosures slowed by robo-signing scandal

Mortgage loan foreclosures slowed by robo-signing scandal

It turns out that the robo-signing mess was not such a minor manner, a mere paperwork slip that can be easily corrected. The latest figures from RealtyTrac show that foreclosure activity dropped substantially in November, reaching the lowest level since November 2008. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported […]