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

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

Oct 18

Foreclosure Rate Drops For The 12th Straight Month

October 18, 2011 By Joshua Oliver 3 Comments

Foreclosure activity continues to slow throughout the United States. According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 215,000 in September 2011, a 6 percent decrease from August. A "foreclosure filing" is defined as any foreclosure-related action including Notice of Default, Scheduled Auction, or Bank Repossession. September marks the 12th straight month in which foreclosure filings fell year-over-year. There are … [Read more...]

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

May 12

Foreclosure Filings Fall To 40-Month Low

May 12, 2011 By Barbara Morrocco Leave a Comment

Foreclosure activity continues to drop nationwide. Based on data from foreclosure-tracking firm RealtyTrac, foreclosure filings nationwide fell below 220,000 in April 2011, a 9 percent decrease from March. A "foreclosure filing" is defined as any foreclosure-related action including Notice of Default, Scheduled Auction, or Bank Repossession. April marks the seventh straight month in which foreclosure filings have dropped and total filings are down more than one-third … [Read more...]

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