All Posts Tagged With: "RealtyTrac"
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 [...]
10Feb2011 | Peter G. Miller | 0 comments | Continued
2.9 million properties faced foreclosure in 2010, new record says RealtyTrac
To paraphrase Charles Dickens, it was the worst of times, it was, well, it really was the worst of times. Figures from RealtyTrac show that 2,871,891 U.S. properties received foreclose filings in 2010, a record and an increase of nearly 2 percent from 2009 and up 23 percent when compared with 2008. The final figures [...]
13Jan2011 | Peter G. Miller | 0 comments | Continued
Foreclosure discount now 32% — have home values hit bottom?
Foreclosed properties now represent 25 percent of all home sales nationwide, properties which are selling at a 32-percent discount according to the latest report from RealtyTrac. The problem represented by distressed properties is that they hold down the values of nearby homes. If a house down the street is selling for a third off, or [...]
2Dec2010 | Peter G. Miller | 0 comments | Continued
Foreclosures Continue To Batter Major Metro Areas
Once again cities in California, Florida, Nevada and Arizona lead the league when it comes to metro foreclosures, according to the latest figures for the third quarter from RealtyTrac.com. California, Florida, Nevada and Arizona cities also accounted for 19 of the top 20 metro foreclosure rates. The only exception was Boise City-Nampa, Idaho at No. [...]
28Oct2010 | Caroline H. Tucker | 0 comments | Continued
August Foreclosure Levels Top 300,000 for 18th Month In A Row
Foreclosures held relatively steady in August, according to the latest monthly report by RealtyTrac (www.realtytrac.com). The company’s report for August 2010 shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 338,836 properties in August, a 4 percent increase from the previous month but a 5 percent decrease from August [...]
16Sep2010 | Peter G. Miller | 0 comments | Continued
Foreclosure Filings Near 4 Million In 2009, Worst Since Depression
With the worst results in recent history, year-end figures from RealtyTrac.com show that 3,957,643 foreclosure filings — default notices, scheduled foreclosure auctions and bank repossessions — were reported on 2,824,674 U.S. properties in 2009. The 2009 total is 21 percent higher than 2008, itself a record year. The bloated foreclosure numbers are in large measure [...]
14Jan2010 | Peter G. Miller | 0 comments | Continued
7.2 Million Foreclosure Filings In The Next Two Years?
It’s usually estimated that there are about 50 million homes in the U.S. with first mortgages, thus it is amazing to consider the loss of homes through foreclosure. The number could top 7 million in the next two years at the rate things are now going — 300,000 per month x 24 months = 7.2 [...]
16Jun2009 | Peter G. Miller | 0 comments | Continued
Worst on Record: 2.3 Million Homes Faced Foreclosure In 2008
It was no illusion — 2009 really was as bad as it seemed, the worse year on record for foreclosures since the Depression. Year-end figures from RealtyTrac.com show that 3,157,806 foreclosure filings — default notices, auction sale notices and bank repossessions — were sent out. Because some properties get multiple notices, and because some owners [...]
15Jan2009 | Peter G. Miller | 1 comment | Continued
Foreclosures Reach Record Levels In August 2008
Foreclosure levels reached a new peak in August when — for the first time — more than 300,000 homeowners received foreclosure notices — either default notices, auction sale notices or bank repossessions. The latest numbers from RealtyTrac.com show that 303,879 homes got the dreaded notices in August, a new record and evidence that foreclosure prevention [...]
12Sep2008 | Peter G. Miller | 0 comments | Continued
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