Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac

5 Worst Cities to Buy Foreclosures in 2013 – RealtyTrac, which monitors county registries of deeds around the country, says lenders filed paperwork covering around 1.9 million foreclosures, deed seizures and property resales in 2012 — a roughly.

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Banks Tackle Foreclosure Backlog Newly initiated foreclosures jumped by one-third in August, a sign that banks may be stepping up efforts to clear out a backlog of seriously delinquent mortgages. Default notices, the first stage of the foreclosure process, were served on nearly 79,000 residential properties in August, according to the.

Foreclosure Answers for the Troubled Homeowner: July 2010 – A total of 529,633 homes were seized by lenders — the last stage of the foreclosure process — in the first half, said Daren Blomquist, the data firm’s marketing manager. Clearing Backlog Banks are trying to avert foreclosure in some cases by modifying loans or attempting short sales, where a property is sold for less than the amount owed.

Differences Between Shortsales, Pre-Foreclosures, and Foreclosures RealtyTrac: Foreclosure activity picked up in 120 metros. – Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012. If an increase does occur, some housing experts wonder how it will impact overall home prices and whether the discounts for REOs will be even larger [.]

Hawaii foreclosures soar 115 percent, with Maui and the Big. – Oahu remained well below the national rate of foreclosures in April, but the Big Island and Maui markets took large hits. There were 1,474 Hawaii properties that received foreclosure notices last month, according to RealtyTrac, an online foreclosure marketplace. That was a 115.5 percent increase over april 2009 foreclosure numbers.

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RealtyTrac: U.S. foreclosure filings slow – Mecklenburg Times. – LOS ANGELES – U.S. homes are entering the foreclosure process at a slower pace than a year ago, and fewer properties are being repossessed by lenders, new data show. Between January and October, 971,533 homes were placed on the path to foreclosure, down 8 percent from the same period last year.

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month Foreclosures lenders backlog: straight manage. – The percentage of mortgage-holding homeowners who were at least two months behind on their payments sank in the third. lenders to tackle their backlog of foreclosure cases. Fourteen states saw an. RealtyTrac: Home flipping down to 3.7% of all sales.