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RealtyTrac: Distressed Homes 23% Of All Sales

RealtyTrac: Distressed Homes 23% Of All Sales

The latest report from RealtyTrac shows that 23 percent of all existing home sales in the second quarter were either facing foreclosure or bank-owned REOs –“real estate owned” by lenders. The massive number of distressed sales is not much different from the first quarter when such properties represented 22 percent of the market oo and just a […]

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July Numbers Down 10% But Has Foreclosure Activity Really Slowed?

July Numbers Down 10% But Has Foreclosure Activity Really Slowed?

Foreclosure activity is falling. According to RealtyTrac, July foreclosure activity dropped 10 percent when compared with 2011 and was 3 percent lower than in July 2011. Still, 191,925 U.S. properties received a foreclosure filing of some sort in July. That’s a big number by historic standards, but not as big as it could have been. Here’s […]

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RealtyTrac: Foreclosure Activity Slows In 61% Of US

RealtyTrac: Foreclosure Activity Slows In 61% Of US

Foreclosure activity was uneven during the first half of 2012. According to RealtyTrac, foreclosure activity during the first six months of the year fell in 129 of the nation’s 212 major metro areas (61%) when compared with the same period during 2011. That also means foreclosure activity increased in 83 major metro areas during the […]

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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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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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