Bank Repossessions Slip For 24th Consecutive Month

Nov 16

Bank Repossessions Slip For 24th Consecutive Month

November 16, 2012 By Jessica Wilkie Leave a Comment

According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings increased 3 percent in October as compared to September 2012, climbing to 186,455 U.S. properties. RealtyTrac defines a "foreclosure filing" as any foreclosure-related action including a Notice of Default, a Scheduled Auction, or a Bank Repossession. On average, 1 in every 706 U.S. homes had a foreclosure filing during the month of October. For the 24th consecutive month, the number … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Florida, foreclosure, Foreclosures, National Association of Realtors, New Jersey, New York, October, RealtyTrac, REO, United States

Sep 18

Foreclosures Remain Concentrated In Just A Few States

September 18, 2012 By Joshua Oliver Leave a Comment

The national market for foreclosed homes remains strong. According to foreclosure data firm RealtyTrac, foreclosure activity increased 1 percent in August as compared to the month prior, climbing to just above 193,500 units nationwide. 1 in every 681 U.S. households received some form of foreclosure filing last month where a "foreclosure filing" is any one of the following foreclosure-related events : A default notice on a home; a scheduled auction for a home; or, a bank repossession of a … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Arizona, California, Florida, foreclosure, Foreclosures, Illinois, Michigan, real estate, RealtyTrac, REO

Aug 10

5 States Home To 50% Of Foreclosure Activity Nationwide

August 10, 2012 By Mark Mlakar Leave a Comment

Foreclosure pipelines are re-filling nationwide. According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 192,000 in July 2012, a 3 percent decrease from the month prior. RealtyTrac defines a "foreclosure filing" as any foreclosure-related action, including a Notice of Default, a Scheduled Auction, or a Bank Repossession. July marks the 22nd straight month during which foreclosure filings fell on a year-over-year basis. At … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Connecticut, foreclosure, Foreclosure Filing, Foreclosures, July, New Jersey, North Dakota, RealtyTrac, South Dakota, Washington D.C.

May 30

Foreclosures Fall To 5-Year Low

May 30, 2012 By Joshua Oliver Leave a Comment

Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month -- the fewest number since July 2007. Rapidly-declining foreclosure figures are another signal that the U.S. housing market may already be in recovery. According to RealtyTrac's methodology, a "foreclosure filing" is any one of the following … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: April, foreclosure, Foreclosures, March 2012, National Association of Realtors, Percentage, real estate, RealtyTrac, Short (finance), Short Sale

Jan 18

Foreclosure Filings Fall To 49-Month Low

January 18, 2012 By Joshua Oliver Leave a Comment

Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior. Not since November 2007 has foreclosure activity been this sparse across the country. The drop does not appear to be seasonal, either. Last month's foreclosure filings were down 20 percent from December 2010 with "foreclosure filing” defined to include any one of the following … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: District of Columbia, foreclosure, Foreclosures, real estate, RealtyTrac, REO, washington dc

Dec 15

Bank Repossessions Drop To A 44-Month Low

December 15, 2011 By Jessica Wilkie Leave a Comment

Foreclosure activity continues to concentrate over just a few states. According to foreclosure-tracker RealtyTrac, November's foreclosure filings fell 3 percent as compared to October, and 14 percent from November 2010. "Foreclosure filing" is a catch-all term for the various "action steps" throughout the foreclosure process. The grouping comprises default notices, scheduled home auctions, and bank repossessions. As in most months, though, foreclosure activity remains concentrated by … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: foreclosure, Foreclosures, National Association of Realtors, RealtyTrac, REO, United States, washington dc

Nov 15

Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity

November 15, 2011 By Joshua Oliver 1 Comment

Foreclosed homes are a hot market throughout DC -- and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October's foreclosure filings rose 7 percent to 231,000 filings nationwide. A "foreclosure filing" is any one of the following foreclosure-related events : A default notice on a home; a scheduled auction for a home; or, a bank repossession of a home. Because of this definition, a single home can account for up to 3 foreclosure filings -- one from each … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: foreclosure, Foreclosures, real estate, RealtyTrac, REO, United States, washington dc

Sep 15

Annual Foreclosure Filings Down For 11th Straight Month

September 15, 2011 By Mark Mlakar 3 Comments

On an annual basis, foreclosure filings fell last month. As compared to August 2010, last month's foreclosure filings dropped 33 percent. "Foreclosure filing" is a catch-all term, comprising default notices; scheduled auctions; and bank repossessions. The study was published by foreclosure-tracking firm RealtyTrac and this month's report reveals a slowing rate of foreclosure within each of the Top 10 most foreclosure-heavy states. All news is not good, however. On a monthly basis, … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Bank Repossessions, dc homebuyer, Default Notices, District of Columbia, foreclosure, Foreclosures, National Association of Realtors, Real estate broker/agent, washington dc

Jul 14

For The 9th Straight Month, Foreclosure Filings Fall

July 14, 2011 By Barbara Morrocco 2 Comments

For the 9th straight month last month, foreclosure activity slowed. According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings dropped 29 percent nationwide on an annual basis in June. The phrase "foreclosure filing" is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions. June marked the ninth consecutive month of sub-300,000 filings after 20 months above it -- a promising signal for the housing market in District of … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Distressed Homes, foreclosure, Foreclosures, real estate, Real estate economics, RealtyTrac, Washington D.C.

Jun 16

Monthly Foreclosure Count Drops For 16th Straight Month

June 16, 2011 By Ariana Lazar Leave a Comment

Foreclosure rates are falling. According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. A foreclosure filing is defined as any one of the following: a default notice, a scheduled auction, or a bank repossession. On an annual basis, foreclosure counts have dropped over 16 consecutive months, dating back to January 2010. Like all things in real estate, though, foreclosures are local. 6 states … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Foreclosures, RealtyTrac