August 25, 2011 (Jeff Alan) Short sales increased 19 percent in the second quarter of 2011, accounting for 12 percent of all sales nationwide while the number of bank-owned (REO) sales remained flat according to the Q2 2011 U.S. Foreclosure Sales Report released by RealtyTrac. […]
August 15, 2011 (Jeff Alan) Foreclosure activity decreased four percent from June to July, and was 35 percent below year ago levels, as processing and procedural delays and national and state-level foreclosure prevention programs may be contributing to a delay in the recovery of the housing market according to RealtyTrac’s Foreclosure Market Report for July [...]
July 28, 2011 (Chris Moore) Foreclosure rates decreased on a year-over-year basis in the first half of 2011 according to RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report with 84 percent of the metropolitan areas posting improved foreclosure rates. […]
July 14, 2011 (Jeff Alan) Foreclosure activity for the first six months of 2011 was down 29 percent from the same period last year according to the Midyear Foreclosure Market Report released by RealtyTrac. […]
June 17, 2011 (Jeff Alan) The inventory of unsold bank Real Estate Owned (REO) properties continues to increase even as year-over-year foreclosure activity continues to decline according to the latest data from RealtyTrac’s Foreclosure Market Report, which cites weak buyer demand as the main culprit. […]
June 1, 2011 (Jeff Alan) With a current inventory of 1.9 million foreclosed homes, it would take three years to clear out the banks’ bustling inventory of foreclosed homes according to the latest data released by RealtyTrac. A total of 158, 434 U.S. properties that were in some stage of foreclosure were sold during the [...]
May 13, 2011 (Chris Moore) The massive delays in processing foreclosures threaten to prolong the effects of the current housing crisis and delay the ability of the housing market to recover. Like a ticking time bomb, the number of properties in the foreclosure inventory continues to expand as the amount of time it takes to [...]
April 15, 2011 (Jeff Alan) Foreclosure filings decreased by 15 percent in the first quarter of 2011, but the looming shadow inventory and the probability of increased foreclosure activity in the future as lenders and servicers begin to work their way through the backlog of foreclosures that have been delayed by the “robo-signing” controversy, threaten [...]
March 10, 2011 (Jeff Alan) RealtyTrac released its monthly U.S. Foreclosure Market Report for February 2011 which disclosed that foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, were reported on 225,101 properties in February, the lowest amount in 36 months. The drop in foreclosure filings represents a 14 percent decrease from January [...]
