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Tag: 2011

1 Million Foreclosure Filings in 2012 — So Far

1 Million Foreclosure Filings in 2012 — So Far

Anyone who thinks the foreclosure crisis is over is dead wrong. According to RealtyTrac, more than a million foreclosure filings were recorded in the first six months of 2012. RealtyTrac — which has distressed sale listings and data — says 1,045,801 U.S. properties with foreclosure filings — default notices, auction sale notices and bank repossessions […]

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Why A Huge Foreclosure Spike Lies Ahead

Why A Huge Foreclosure Spike Lies Ahead

Foreclosure filings across the country were down in May, a reduction best viewed as ominous. According to RealtyTrac, foreclosure filings including default notices, scheduled auctions and bank repossessions were reported for 205,990 U.S. properties in May. That’s a big number but 4 percent less than May 2011. The new and lower figures mask a growing problem: Since late […]

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RealtyTrac: 1 in 4 Home Sales Foreclosed, Distressed

RealtyTrac: 1 in 4 Home Sales Foreclosed, Distressed

One out of every four homes for sale today is likely to be a part of the mortgage mess, a home that’s facing foreclosure, being foreclosed or has been foreclosed and is now for sale through a lender according to the first quarter numbers just released by Realtytrac.com, the leading online marketplace for foreclosure properties. The […]

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RealtyTrac: Have Foreclosure Actions Really Dropped?

RealtyTrac: Have Foreclosure Actions Really Dropped?

April foreclosure activity fell to the lowest level seen since July 2007 according to RealtyTrac. But before celebrating let’s look at the reasons why. There were 188,780 foreclosure filings — default notices, scheduled auctions and bank repossessions — reported on 188,780 U.S. properties in April, the lowest monthly total since July 2007. April foreclosure activity […]

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FHA Mortgage Applications Up, Approvals Down

FHA Mortgage Applications Up, Approvals Down

A lot of people who hope to buy real estate at bargain prices are finding that FHA mortgages have become hard to get. While home prices are generally down more than 19 percent from the highs seen in 2007, and while fixed-rate mortgages continue to be available at less than 4 percent, borrowers are finding […]

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Is The Foreclosure Slowdown Ending?

Is The Foreclosure Slowdown Ending?

The foreclosure slow-down which started in late 2010 with the unfolding of the robo-singing scandal has begun to reverse in a majority of major cities. The latest RealtyTrac report for the first quarter of 2012 shows that foreclosure activity increased from the previous quarter in 114 of the nation’s 212 metropolitan areas with a population […]

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Foreclosure Activity Tumbles To 5-Year Low, Says RealtyTrac

Foreclosure Activity Tumbles To 5-Year Low, Says RealtyTrac

Foreclosure filings fell in the first quarter but the mortgage and housing crisis is hardly over. RealtyTrac, the leading source of foreclosure data and listings, says that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 572,928 properties during the first quarter, down 16 percent from the same period in 2011. “The low […]

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RealtyTrac: Foreclosure Activity Up As Robo-Signing Cases Tail Off

RealtyTrac: Foreclosure Activity Up As Robo-Signing Cases Tail Off

With arguments regarding robo-signing and note ownership drawing to an end, RealtyTrac reports that foreclosure activity  — default notices, scheduled auctions and bank repossessions — were reported on 206,900 U.S. properties in February. That’s up 8 percent from February 2011. “February’s numbers point to a gradually rising foreclosure tide as some of the barriers that have been holding […]

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Realty Trac: Foreclosures Equal 24% of US Home Sales

Realty Trac: Foreclosures Equal 24% of US Home Sales

Almost one of every four home sales was in some stage of foreclosure at the end of 2011 according to RealtyTrac, the leading source of foreclosure and REO data and listings. The data confirms what has long been expected: Real estate inventory is swollen with distressed property — and as long as the available housing […]

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VA Loan Volume Surges, Remains Safest Mortgage Option
By February 8, 2012 0 Comments Read More →

VA Loan Volume Surges, Remains Safest Mortgage Option

The VA Loan Guaranty program had a big year in FY11, driven by a surge in refinance loans and a tighter lending climate that’s drawing renewed attention to this flexible, government-backed mortgage. The VA guaranteed nearly 360,000 loans last year, a 14-percent increase from FY10. Since FY07, the number of VA loan guaranties has surged […]

Posted in: Mortgages