New data from RealtyTrac shows foreclosure activity in the U.S. has fallen to its lowest level in 40 months. Filings were reported on 219,258 properties in April, down 34 percent from a year earlier.
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· Florida’s use of a judicial foreclosure process accounted for a 62 percent, year-over-year drop in activity in the first quarter, according to RealtyT.
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· At that pace, the country is on track to end the year with about 675,000 completed foreclosures, down from around 800,000 last year, according to Daren Blomquist, a vice president at RealtyTrac.
A record number of households received a foreclosure notice last year. Banks took possession of a record number of homes.. RealtyTrac: Bad 2010 to be followed by worse 2011. And he explains.
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Foreclosure filings jumped 7 percent nationwide in October from the previous month, but remain nearly 31 percent below last year’s level, according to a report released today by RealtyTrac.The rise
Search CFLA’s Article Archive: While Banks Adapt to New Law, Nevada Foreclosures Plunge. dealbook.nytimes.comJuly 11, 2013. By Eli Segall . Last month, Gov. Brian Sandoval signed a bill that is supposed to make it easier for banks to foreclose on delinquent homeowners.
York County has seen the most dramatic increase, with foreclosures running nearly double the amount of the same period last year. County records show 994 foreclosures in the first six months of 2012,
Foreclosures plunge 27% – biggest drop on record. The number of foreclosure notices filed in February dropped 14% compared with a month earlier and 27% compared with a year earlier, according to RealtyTrac.
Because of the lengthy court process, it takes an average of 858 days – more than two years – to complete a foreclosure in Florida, according to RealtyTrac. That’s the second-longest timeline.
What happens when banks walk away from homes? Will 2011 break 2010’s record year for foreclosures? We’ll answer these questions and get an update on mortgage application activity, interest rates, and some final thoughts on the week. 2010: Record-Setting Year for Foreclosures RealtyTrac released its Year-End 2010 US
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Rocket docket return: Another weapon for foreclosure defense; Home Loans Westworth Village Texas; Pennsylvania Housing Finance Agency funds leadership training; Foreclosures in 2011 to break last year’s record: RealtyTrac; Goldman Sachs rolling in the benefits of a Trump administration