Home Repossessions Drop to Six-Year Low
iStockPhoto/Thinkstock(IRVINE, Calif.) — The number of U.S. homes seized by lenders last month fell to a 65-month low last month, according to a new report released Thursday by RealtyTrac.The foreclosure listing firm says bank repossessions in Februar…
Foreclosure Filings Fall to Lowest Rate Since 2007
Hemera/Thinkstock(NEW YORK) — After six years, the national foreclosure crisis may soon be nearing an end. According to listings firm RealtyTrac, the number of foreclosure filings reported in January 2013 dropped 7 percent from the previous month and …
Buying a Foreclosed Home in NY, Fla. Can Save You 30% or More
iStockPhoto/Thinkstock(NEW YORK) — If you’re in the market for a new home this year, you may want to check out Florida and New York, suggests a new report from RealtyTrac.”There’s a lot of cities in Florida and New York where there’s a lot of foreclos…
Foreclosure Activity Dropped by 3% in 2012, But Rose in 25 States
iStockPhoto/Thinkstock(NEW YORK) — A total of 1,836,634 U.S. properties received a foreclosure filing last year, according to the latest report from RealtyTrac, marking a 3 percent drop from 2011.The latest figure is also down 36 percent from 2010, wh…
Banks Reach $8.5B Settlement with Regulators on Foreclosure Abuses
Hemera/Thinkstock(NEW YORK) — Ten banks have reached an $8.5 billion foreclosure abuse settlement with regulators. This is not the first or the biggest of such settlements, but another in a series of settlements and lawsuits coming out of the no…
Foreclosure Filings Drop 3% in November; Bank Seizures Jump 11%
iStockPhoto/Thinkstock(NEW YORK) — Foreclosure activity dropped 3 percent in November from October, marking the 26th month in a row with an annual decrease, according to the latest report from RealtyTrac.The foreclosure tracking firm says 180,817 U.S….
Sandy-Affected States Had Biggest Foreclosure Increases
iStockPhoto/Thinkstock(NEW YORK) — Foreclosures increased 3 percent in October from September to 186,455 U.S. properties, according to RealtyTrac, as states with longer legal processes finally see their foreclosures close.The foreclosure research firm…
Top 10 Metro Areas with the Highest Foreclosure Rates
iStockPhoto/Thinkstock(NEW YORK) — While the number of foreclosures in the nation has fallen to half the peak rate of the crisis, people are still losing their homes to banks in certain regions at high rates.From January 2007 — shortly after the hous…
Most County Housing Markets Worse Off over Last Four Years, Says RealtyTrac
iStockPhoto/Thinkstock(NEW YORK) — While housing prices are on the rise, foreclosure and real estate research firm RealtyTrac reported that 65 percent of 919 county housing markets are worse off than they were four years ago, based mostly on factors i…
Most County Housing Markets Worse Off over Last Four Years, Says RealtyTrac
iStockPhoto/Thinkstock(NEW YORK) — While housing prices are on the rise, foreclosure and real estate research firm RealtyTrac reported that 65 percent of 919 county housing markets are worse off than they were four years ago, based mostly on factors i…
California Foreclosures at Lowest Level Since 2007
Hemera/Thinkstock(LOS ANGELES) — The foreclosure rate in one of the hardest-hit states is at a new low, a real estate data firm says.Foreclosure activity in California hasn’t been this low since the start of the recession in the beginning of 2007. The…
US Foreclosure Filings Down 3% in July
iStockPhoto/Thinkstock(NEW YORK) — The number of U.S. households that received a foreclosure notice dropped in July and was down from a year ago, according to the latest report from RealtyTrac.The foreclosure tracking firm said on Thursday that 191,92…
Man Buys 650 Foreclosures: How Much Did He Pay?
iStockphoto/Thinkstock(MACOMB COUNTY, Mich.) — Until a year ago, Bill McMachen, 71, had never bought or sold a foreclosed home. Then in 2011 he bought one for $12,000 and flipped it a week later for $18,000. “That went pretty good,” he say…
Tax Lien Sales: The ‘Other’ Foreclosure Problem Plaguing Homeowners
iStockphoto/Thinkstock(NEW YORK) — Homeowners with an outstanding water bill or high property taxes are increasingly discovering why some are more than eager to sell their home to property-hungry investors.Called the “other” foreclosure crisis, proper…
Foreclosure Crisis Remains Despite Housing Market Gains
Stockbyte/Thinkstock(NEW YORK) — In what may be the closest thing yet to an official pronouncement that the housing market has finally started to get better, economists are increasingly saying that despite a slow down in the foreclosure recovery, the …
Foreclosures Up 9 Percent in May, RealtyTrac Report Says
iStockPhoto/Thinkstock(IRVINE, Calif.) — U.S. foreclosure activity increased nine percent in May compared with the month before, according to a report released Thursday by RealtyTrac.RealtyTrac says nearly 206,000 U.S. properties were in default or fo…
26% of US Homes Sold in First Quarter Were in Foreclosure
iStockPhoto/Thinkstock(NEW YORK) — Foreclosures sales are still dominating the U.S. housing market. According to RealtyTrac, they accounted for 26 percent of all home sales nationwide in the first quarter of 2012.Daren Blomquist with RealtyTrac …
Foreclosure Filings Down to Lowest Level Since 2007
iStockPhoto/Thinkstock(NEW YORK) — Is the foreclosure crisis in the U.S. nearing its end? New numbers out Thursday by RealtyTrac show that foreclosure activity is down to a near five-year low across the country.”In April 2012, there were less th…
Foreclosure Activity Rose in Major US Cities During First Quarter
iStockPhoto/Thinkstock(IRVINE, Calif.) — Foreclosure activity rose during the first quarter of this year in more than half of the nation’s largest metropolitan areas, RealtyTrac reported on Thursday.”Some of those included Pittsburgh, which was up 49 …
Foreclosure Filings Hit Five-Year Low
iStockPhoto/Thinkstock(IRVINE, Calif.) — Foreclosure filings have dropped to their lowest level in nearly five years, according to the latest report from RealtyTrac.The foreclosure tracking firm says for the first quarter of 2012, the number of U.S. h…