Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

While completed foreclosures on residential homes totaled 40,000 for April and have been steadily falling monthly for the last four years, they are still nearly double their pre-recession average per month, according to CoreLogic's April 2015 National Foreclosure Report released Tuesday. Completed foreclosures, which are a measure of homes actually lost to foreclosure, declined by … Continue reading Completed Foreclosures Decline But Remain At Double Pre-Recession Levels

Dramatic uptick in Sarasota FL Foreclosure Filings

Dramatic uptick in Sarasota foreclosure filings By Michael Braga, Herald-Tribune Monday, November 7, 2011 Top lenders in Sarasota county filed 102 more early stage or lis pendens filings in October than filed the month before – a whopping 46 percent increase and clear sign that lenders are putting their robo-signing problems behind them. Once again … Continue reading Dramatic uptick in Sarasota FL Foreclosure Filings

Homeownership levels dropped to lowest level in 13 years

The U.S. homeownership rate in the second quarter dropped to its lowest level in 13 years, according to the Census Bureau, with analysts expecting even more drops ahead. The homeownership rate fell to 65.9%, down one percentage point from a year ago.  It's the lowest level measured since the first quarter of 1998. Analysts at … Continue reading Homeownership levels dropped to lowest level in 13 years

Foreclosure Projection for 2012

“It would be nice to report that foreclosure activity is dropping as a result of improvements in the economy or the housing market,” said James J. Saccacio, chief executive officer of RealtyTrac.  “Unfortunately, with unemployment rates inching back up, consumer confidence weak and home sales and prices continuing to languish, this doesn’t appear to be the case. “Processing and procedural delays … Continue reading Foreclosure Projection for 2012

Total Foreclosure Filings First Quarter: Jan – June 2011

1.    CA     263,500 2.    FL      113,641 3.    AZ       77,525 4.    MI       61,005 5.    GA      60,870 6.    IL        60,636 7.    TX       55,442 8.    NV      53,217 9.    OH      44,419 10.  CO      25,744 Report methodology - Source RealtyTrac The RealtyTrac Midyear U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered … Continue reading Total Foreclosure Filings First Quarter: Jan – June 2011

Members of Congress request foreclosures reviews to be unsealed

Lawmakers urge regulators to unseal foreclosure reviews A group of 12 members of the House of Representatives sent a letter to federal regulators Wednesday, urging them to make public the upcoming review of loan files at the 14 largest mortgage servicers. Rep. Maxine Waters (D-Calif.) led the House letter, and an identical one was sent … Continue reading Members of Congress request foreclosures reviews to be unsealed

Foreclosure Statistics and Activity

Five states account for more than half of U.S.  foreclosure activity. Five states accounted for  51 percent of U.S.  foreclosure activity in May, led by California,  where 51,906 properties received a foreclosure filing during the month. A total of 19,192 Florida properties  received a foreclosing filing in May, the second highest state total despite a  … Continue reading Foreclosure Statistics and Activity

Latest Foreclosure Statistics

National Foreclosure Statistics Top 5 Foreclosure Cities Merced, California Modesto, California Stockton, California Riverside, California Detroit, Michigan May 2011 Total Foreclosures Available 1,736,724 Number of Sales 186,454 Median Sales Price $161,500.00 Illinois Foreclosure Statistics Top 5 Illinois Foreclosure Cities: Chicago Aurora Rockford Elgin Joliet May 2011 Total Foreclosures Available 101,822 Number of Sales 5,781 Median … Continue reading Latest Foreclosure Statistics