All Posts Tagged With: "Michigan"
1 in 5 Home Sales Distressed, Foreclosed or Bank Owned, Says RealtyTrac
For the third quarter of 2011 RealtyTrac reports that 20 percent of all existing home sales were bank owned or being foreclosed. This is down from 30 percent of all sales in the third quarter of 2010. The latest RealtyTrac figures might be seen as good news were it not for the glum reality which makes [...]
26Jan2012 | Peter G. Miller | 0 comments | Continued
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 [...]
12Jan2012 | Peter G. Miller | 0 comments | Continued
RealtyTrac: Foreclosure Activity Slumps 14% — But Rise Likely In 2012
Foreclosure filings in November fell 14% when compared with last year according to the latest Realtytrac survey. Foreclosure filings include default notices, scheduled auctions and bank repossessions. In total, 224,394 homes received foreclosure filings. The filing decline may seem like good news and surely it’s a welcome relief for many families, however behind the lower [...]
15Dec2011 | Peter G. Miller | 0 comments | Continued
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, [...]
10Nov2011 | Peter G. Miller | 0 comments | Continued
Foreclosure Activity Falls in 2011 — For Wrong Reasons
Foreclosure activity continues to fall when compared with 2010, but the problem is the same as it has been for nearly a year: There are fewer foreclosures because actions against homeowners have stalled. In other words, we don’t have fewer foreclosures because the economy is improving, employment levels are materially rising or household incomes are [...]
15Sep2011 | Peter G. Miller | 1 comment | Continued
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 [...]
25Aug2011 | Peter G. Miller | 0 comments | Continued
RealtyTrac — Foreclosure Filings Dive 29%. Is Housing Back?
If we go by the numbers there’s good news on the foreclosure front. Okay, there’s relatively good news on the foreclosure front. Er, well, foreclosure activity is “better” in the sense of current numbers but we should be awfully concerned with what the numbers do not say. RealtyTrac reports that foreclosure activity in the first [...]
14Jul2011 | Peter G. Miller | 0 comments | Continued
RealtyTrac: Foreclosure Activity Down For Eighth Month
For the eighth month in a row foreclosure activity has fallen on an annualized basis. The numbers for May, according to RealtyTrac, show that foreclosure filings — default notices, scheduled auctions and bank repossessions — were down 2 percent compared to April and 33 percent lower than a year ago. The catch? Well there are a [...]
16Jun2011 | Peter G. Miller | 0 comments | Continued
Foreclosure Activity Down For 7th Month, Now Average 400 Days To Complete
Foreclosure filings were down again in April, but not because of an improved economy or a recovering housing market. Once more the issue is improper paperwork, apparently on a scale never before seen, and the result is not only fewer foreclosures but far longer foreclosure delays. RealtyTrac reports that April foreclosure filings — default notices, [...]
12May2011 | Peter G. Miller | 0 comments | Continued
Foreclosure filings fall, hit false bottom
Foreclosure filings in February dropped to the lowest level seen in three years according to RealtyTrac, the biggest year-over-year decrease since the company began issuing its report in 2005. The report also shows one in every 577 U.S. housing units with a foreclosure filing during the month RealtyTrac reported that foreclosure filings for February — default [...]
10Mar2011 | Peter G. Miller | 2 comments | Continued
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