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U.S. Foreclosure activity decreasing in the west and on the rise in the midwest and east

This morning, RealtyTrac released their U.S. Foreclosure Market Report for April 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 188,780 properties in the U.S. during the month, a 5 percent decrease from the previous month and a decrease of 14 percent from April 2011 and is [...]

Foreclosure activity falls to lowest level since 2007

This morning, RealtyTrac released their U.S. Foreclosure Market Report for the first quarter of 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 572,928 properties in the U.S. during the quarter, a 2 percent decrease from the previous quarter and a decrease of 16 percent from the first quarter of 2011. During the month, 1 out of every 230 homes in the U.S. had a foreclosure filing. [...]

Foreclosure report shows mixed signals; rate down in U.S. but half of large metros up from a year ago

This morning, RealtyTrac released their U.S. Foreclosure Market Report for February 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 206,900 properties in the U.S. during the month, a 2 percent decrease from the previous month and a decrease of 8 percent from the year before. During the month, 1 out of every 637 homes in the U.S. had a foreclosure filing. [...]

Top Ten Cities to Buy REO’s and Pre-Foreclosures

This morning, RealtyTrac released their U.S. Foreclosure Market Report for fourth quarter 2011 which showed that pre-foreclosure and REO home sales accounted for nearly one of every 4 home sales (24 percent) during the quarter which is an increase from 20 percent in the prior quarter, however down from 26 percent in the fourth quarter of 2010. [...]

Foreclosure activity increases in January; down from a year ago though

This morning, RealtyTrac released their U.S. Foreclosure Market Report for January 2012 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 210,941 properties in the U.S. during the month, a three percent increase from the previous month and a decrease of 19 percent from the year before. During the month, 1 out of every 624 homes in the U.S. had a foreclosure filing. [...]

New homes sales fall in December and make 2011 worst year on record

Today, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for December 2011 showing a decrease of 2.2 percent from the month before, and a decrease of 7.3 percent from a year ago. The seasonally-adjusted new home sales rate for December was 307,000 homes, down from an [...]

One in five home sales is a foreclosure and only two-thirds the cost of a non-foreclosure home

Foreclosure Price 34 Percent Below Average Price of Non-Foreclosures RealtyTrac, today released its third-quarter 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 20 percent of all U.S. residential sales in the third quarter of 2011, down from 22 percent of all sales in the second quarter and down from 30 percent of all sales in the third quarter of 2010. [...]

Foreclosure actions in 2011 hit lowest level since 2007!

This morning, RealtyTrac released their 2011 year-end U.S. Foreclosure Market Report which shows that 2,698,967 foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 1,887,777 properties in the U.S. during the year, a decrease of 34 percent from the year before and marking the lowest level since 2007! [...]

Foreclosures decrease in November

This morning, RealtyTrac released their U.S. Foreclosure Market Report for November 2011 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 224,394 properties in the U.S. during the month, a three percent increase from the previous month and a decrease of 14 percent from the year before. During the month, 1 out of every 579 homes in the U.S. had a foreclosure filing. [...]

Foreclosures drop in September;   Down over 30 percent from year ago

This morning, RealtyTrac released their U.S. Foreclosure Market Report for October 2011 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 230,678 properties in the U.S. during the month, a seven percent increase from the previous month but a decrease of nearly 31 percent from the year before. During the month, 1 out of every 563 homes in the U.S. had a foreclosure filing. [...]

US Foreclosure rate inches up in 3rd quarter but down significantly from a year ago

This morning, RealtyTrac released their U.S. Foreclosure Market Report for 3rd quarter 2011 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 610,337 properties in the U.S. during the quarter, a very slight (less than 1 percent0 increase from the previous quarter but a decrease of over 34 percent from the year before. During the quarter, 1 out of every 213 homes in the U.S. had a foreclosure filing. [...]

Foreclosure activity in U.S. increases in August but is down from a year ago

This morning, RealtyTrac released their U.S. Foreclosure Market Report for August 2011 which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) we’re reported on 228,098 properties in the U.S. in August, a 7 percent increase from the previous month but a decrease of almost 33 percent from the year before. [...]

July Foreclosure Rate Falls to Lowest In Almost 4 Years

Ah, some good news!

RealtyTrac released their foreclosure report for July this morning showing a total of 212,764 U.S. properties received foreclosure filings (default notices, scheduled foreclosures and bank REO’s) during the month, a 4 percent decrease from the prior month and a 35 percent decrease from July 2010. This is the lowest [...]

84 Percent of U.S. Metros Post Lower Foreclosure Activity in First Half of 2011

RealtyTrac released their Midyear 2011 Metro foreclosure report showing that foreclosure activity decreased on a year-over-year basis in 178 out of the nation’s largest 211 metropolitan areas which is some much needed good news!

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Foreclosure rate drops in first half of 2011; shadow inventory builds

Foreclosure activity in May down 33 percent from a year ago; buyer interest cools

RealtyTrac released their foreclosure report this morning for May 2011 which shows foreclosure filings (default notices, scheduled foreclosures and bank REO’s) were reported on 214,927 homes in May which is a 2 percent decrease from the month before and a 33 percent decrease from May 2010.

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Foreclosures account for 28 percent of all home sales in first quarter 2011; Selling at discount of 27 percent

RealtyTrac released their foreclosure report this morning for the first quarter of 2011 showing that foreclosure homes (sales of bank-owned homes and those in some stage of foreclosure) accounted for 28 percent of all U.S. residential sales during the quarter. This is up slightly from 27 percent the prior quarter and the highest percentage [...]

45 Percent of Americans say government not doing enough to stop foreclosures; Other side of coin, over half of Americans want to buy a foreclosed home

According to a survey conducted by Harris Interactive® on behalf of Trulia and RealtyTrac, 45 percent of American adults say the government is not doing enough to prevent foreclosures. Only 17 percent think the government is doing too much and 16 percent say just the right amount is being done.

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U.S. Foreclosure Rate Declines to 40-Month Low in April

The U.S. foreclosure rate for April 2011 declined 9 percent from the month before and 34 percent from the year before, according to a report released by RealtyTrac this morning. This marks the seventh-consecutive month the foreclosure rate decreased on a year-over-year basis and brings the foreclosure rate to a 40-month low.

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Foreclosure Activity Decreases 15 Percent during First Quarter of 2011

The 800 pound gorilla in the room has finally lost some weight!

RealtyTrac released their foreclosure report for the first quarter of 2011 which shows foreclosure filings were reported on 681,153 U.S. properties during the quarter, a 15 percent decrease from the previous quarter and a 27 percent decrease from the first quarter of [...]

Foreclosure activity declines in February as allegations of bad lender practices continue

RealtyTrac just released their foreclosure report for February 2010 showing foreclosure activity decreased 14 percent from the month before, and decreased 27 percent from the year before. This is good news, but before we start to think the worst is over and this downward trend in foreclosures will continue, we need to look at [...]

Foreclosure homes account for 26 percent of all 2010 sales

RealtyTrac released their foreclosure report for 2010 showing that foreclosure homes accounted for nearly 26 percent of all U.S. residential sales during the year. This is down from 2009 when 29 percent of all sales were foreclosure homes.

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U.S. Foreclosures up slightly in January; down 17 percent from year before

RealtyTrac released their foreclosure report for January 2011 showing there were foreclosure filings in January on 261,333 U.S. properties, a 1 percent increase from December but a 17 percent decrease from January 2010. 

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Foreclosures in 2010 up from 2009 in U.S.; down in top ten foreclosure markets

RealtyTrac released their foreclosure report for 2010 which showed some mixed results. During 2010 there were 2,871,891 foreclosure filings in the U.S., an increase of 1.67 percent from 2009. However the metro areas with the 10 highest foreclosure rates all saw decreases in foreclosure filings in 2010 from the year before, in fact six [...]

Buyers of distressed properties in third quarter reaped largest discount in five years

According to a report released by RealtyTrac, foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in some stage of foreclosure was more than 32 percent below the average sales price of properties not in [...]

Is now a safe time to buy foreclosures?

Dennis Norman

According to a report just released by RealtyTrac® foreclosures increased in the third quarter of 2010, although with a slowing rate of increase.  There were 930,437 foreclosure filings in the third quarter, up almost 4 percent from the 2nd quarter but up only 1 percent from the year before.  One in every [...]

The Five Best Places to Find Foreclosure Bargains

Dennis Norman

When I first entered the real estate business in 1979, at the age of 18 which seems so long ago) foreclosures were a mystery to most people and certainly no one looking for a home to live in looked to buy a foreclosure. Homes that were being foreclosed upon were advertised in [...]

Foreclosure Activity Increases In July; Down from a year ago

Dennis Norman

I remember, not that long ago, when 300,000 foreclosures in a month would have seemed unreal.  However, July now marks the 17th consecutive month that there have been foreclosure filings exceeding 300,000 for the month.

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One in 78 Housing Units In U.S. In Foreclosure In First Half of 2010

Dennis Norman

According to a report released this morning by RealtyTrac there were 1,961,894 foreclosure filings in the first six months of 2010 on 1,654,634 housing units in the U.S. This reflects a 5 percent decrease from foreclosure activity for the prior 6 month period but is an 8 percent increase from the same [...]

Nearly 233,000 Foreclosure and Bank-Owned Homes Sold in First Quarter

Dennis Norman

Average discount on Foreclosure and Bank-Owned Homes is 27 Percent

This morning RealtyTrac released a report stating that 31 percent of all residential sales in the first quarter of 2010 were foreclosure homes or bank-owned homes.  They are reporting 233,000 foreclosure and bank-owned homes sold during first quarter 2010 at an average [...]