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RealtyTrac: Foreclosures Up Slightly from December
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RealtyTrac: Foreclosures Up Slightly from December
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RealtyTrac: Foreclosures Up Slightly from December
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February 10, 2011 (Chris Moore)
mortgage-foreclosure-sign-image2
RealtyTrac released it monthly Foreclosure Market Report for January 2011 which reveals that foreclosure filings increased 1 percent in January compared to December, but was down 17 percent from a year earlier. A total of 261,333 U.S. properties received a foreclosure filing in January, which equates to one in every 497 housing units nationwide.

California, Nevada and Arizona continued to top the list of states with the most foreclosure filings. Nevada bank repossessions increased 16 percent from the previous month where one in every 93 housing units received a foreclosure filing.

Arizona’s foreclosure activity increased 16 percent from the previous month, in which one in every 175 housing units received a foreclosure filing, and California’s foreclosure activity increased 32 percent where one in every 200 housing units received a foreclosure filing.

California accounted for more than 25 percent of the national total with 67,072 properties receiving a foreclosure filing. California hit a 25 month low in foreclosure activity in November but subsequently has seen an increase in month over month activity for the last two months.

Idaho and Utah rounded out the top five states in foreclosure activity where one in every 241 units and one in every 265 units received foreclosure filings, respectively.

Other states with foreclosure rates ranking among the top ten were Michigan, Georgia, Illinois, Florida, and Colorado.

Five states accounted for 50 percent of all foreclosure activity. Along with California, Florida had a total of 21,671 filings, Michigan had a total of 16,716 filings, Arizona had a total of 15,757 filings, and Arizona had a total of 14,897 foreclosure filings.

Rounding out the top ten were Illinois (13,164), Georgia (12,772), Nevada (12,263), Ohio (8,924) and New Jersey (5,526).

In all, a total of 75,198 U.S. properties received default notices (NOD, LIS) in January, a 1 percent decrease from the previous month and a 27 percent decrease from January 2010, the 12th straight month where default notices decreased on a year-over-year basis.

Default notices in states with a non-judicial foreclosure process (NOD) increased less than 1 percent from the previous month but were down 8 percent from January 2010, while default notices in states with a judicial foreclosure process (LIS) decreased 2 percent from December and were down 39 percent from January 2010.

Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 108,002 U.S. Properties in January, a 4 percent decrease from the previous month and a 13 percent decrease from January 2010.

Scheduled non-judicial foreclosure auctions (NFS) decreased 1 percent from December and were down 3 percent from January 2010, while scheduled judicial foreclosure auctions (NTS) decreased 14 percent from the previous month and were down 39 percent from January 2010.

And finally, scheduled non-judicial foreclosure auctions (NFS) decreased 1 percent from December and were down 3 percent from January 2010, while scheduled judicial foreclosure auctions (NTS) decreased 14 percent from the previous month and were down 39 percent from January 2010.

“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 J. Saccacio, chief executive officer of RealtyTrac. “Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing.”

Nevada and California topped the top ten metropolitan areas receiving a foreclosure filing by holding nine out of the ten spots with the Las Vegas-Paradise area taking the top spot. Nevada had two metro areas in the top ten and California held seven of the top ten spots.

Tags: realtytrac, foreclosure filings, notice of defaults, repossessions, foreclosures, housing units

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February 10, 2011 (Chris Moore)
mortgage-foreclosure-sign-image2
RealtyTrac released it monthly Foreclosure Market Report for January 2011 which reveals that foreclosure filings increased 1 percent in January compared to December, but was down 17 percent from a year earlier. A total of 261,333 U.S. properties received a foreclosure filing in January, which equates to one in every 497 housing units nationwide.

California, Nevada and Arizona continued to top the list of states with the most foreclosure filings. Nevada bank repossessions increased 16 percent from the previous month where one in every 93 housing units received a foreclosure filing.

Arizona’s foreclosure activity increased 16 percent from the previous month, in which one in every 175 housing units received a foreclosure filing, and California’s foreclosure activity increased 32 percent where one in every 200 housing units received a foreclosure filing.

California accounted for more than 25 percent of the national total with 67,072 properties receiving a foreclosure filing. California hit a 25 month low in foreclosure activity in November but subsequently has seen an increase in month over month activity for the last two months.

Idaho and Utah rounded out the top five states in foreclosure activity where one in every 241 units and one in every 265 units received foreclosure filings, respectively.

Other states with foreclosure rates ranking among the top ten were Michigan, Georgia, Illinois, Florida, and Colorado.

Five states accounted for 50 percent of all foreclosure activity. Along with California, Florida had a total of 21,671 filings, Michigan had a total of 16,716 filings, Arizona had a total of 15,757 filings, and Arizona had a total of 14,897 foreclosure filings.

Rounding out the top ten were Illinois (13,164), Georgia (12,772), Nevada (12,263), Ohio (8,924) and New Jersey (5,526).

In all, a total of 75,198 U.S. properties received default notices (NOD, LIS) in January, a 1 percent decrease from the previous month and a 27 percent decrease from January 2010, the 12th straight month where default notices decreased on a year-over-year basis.

Default notices in states with a non-judicial foreclosure process (NOD) increased less than 1 percent from the previous month but were down 8 percent from January 2010, while default notices in states with a judicial foreclosure process (LIS) decreased 2 percent from December and were down 39 percent from January 2010.

Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 108,002 U.S. Properties in January, a 4 percent decrease from the previous month and a 13 percent decrease from January 2010.

Scheduled non-judicial foreclosure auctions (NFS) decreased 1 percent from December and were down 3 percent from January 2010, while scheduled judicial foreclosure auctions (NTS) decreased 14 percent from the previous month and were down 39 percent from January 2010.

And finally, scheduled non-judicial foreclosure auctions (NFS) decreased 1 percent from December and were down 3 percent from January 2010, while scheduled judicial foreclosure auctions (NTS) decreased 14 percent from the previous month and were down 39 percent from January 2010.

“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 J. Saccacio, chief executive officer of RealtyTrac. “Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing.”

Nevada and California topped the top ten metropolitan areas receiving a foreclosure filing by holding nine out of the ten spots with the Las Vegas-Paradise area taking the top spot. Nevada had two metro areas in the top ten and California held seven of the top ten spots.

Tags: realtytrac, foreclosure filings, notice of defaults, repossessions, foreclosures, housing units

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
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Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 10, 2011 (Chris Moore)
mortgage-foreclosure-sign-image2
RealtyTrac released it monthly Foreclosure Market Report for January 2011 which reveals that foreclosure filings increased 1 percent in January compared to December, but was down 17 percent from a year earlier. A total of 261,333 U.S. properties received a foreclosure filing in January, which equates to one in every 497 housing units nationwide.

California, Nevada and Arizona continued to top the list of states with the most foreclosure filings. Nevada bank repossessions increased 16 percent from the previous month where one in every 93 housing units received a foreclosure filing.

Arizona’s foreclosure activity increased 16 percent from the previous month, in which one in every 175 housing units received a foreclosure filing, and California’s foreclosure activity increased 32 percent where one in every 200 housing units received a foreclosure filing.

California accounted for more than 25 percent of the national total with 67,072 properties receiving a foreclosure filing. California hit a 25 month low in foreclosure activity in November but subsequently has seen an increase in month over month activity for the last two months.

Idaho and Utah rounded out the top five states in foreclosure activity where one in every 241 units and one in every 265 units received foreclosure filings, respectively.

Other states with foreclosure rates ranking among the top ten were Michigan, Georgia, Illinois, Florida, and Colorado.

Five states accounted for 50 percent of all foreclosure activity. Along with California, Florida had a total of 21,671 filings, Michigan had a total of 16,716 filings, Arizona had a total of 15,757 filings, and Arizona had a total of 14,897 foreclosure filings.

Rounding out the top ten were Illinois (13,164), Georgia (12,772), Nevada (12,263), Ohio (8,924) and New Jersey (5,526).

In all, a total of 75,198 U.S. properties received default notices (NOD, LIS) in January, a 1 percent decrease from the previous month and a 27 percent decrease from January 2010, the 12th straight month where default notices decreased on a year-over-year basis.

Default notices in states with a non-judicial foreclosure process (NOD) increased less than 1 percent from the previous month but were down 8 percent from January 2010, while default notices in states with a judicial foreclosure process (LIS) decreased 2 percent from December and were down 39 percent from January 2010.

Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 108,002 U.S. Properties in January, a 4 percent decrease from the previous month and a 13 percent decrease from January 2010.

Scheduled non-judicial foreclosure auctions (NFS) decreased 1 percent from December and were down 3 percent from January 2010, while scheduled judicial foreclosure auctions (NTS) decreased 14 percent from the previous month and were down 39 percent from January 2010.

And finally, scheduled non-judicial foreclosure auctions (NFS) decreased 1 percent from December and were down 3 percent from January 2010, while scheduled judicial foreclosure auctions (NTS) decreased 14 percent from the previous month and were down 39 percent from January 2010.

“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 J. Saccacio, chief executive officer of RealtyTrac. “Unfortunately this is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing.”

Nevada and California topped the top ten metropolitan areas receiving a foreclosure filing by holding nine out of the ten spots with the Las Vegas-Paradise area taking the top spot. Nevada had two metro areas in the top ten and California held seven of the top ten spots.

Tags: realtytrac, foreclosure filings, notice of defaults, repossessions, foreclosures, housing units

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.