Real Estate News

For years, the housing news in Nevada has been unrelentingly bleak. So when RealtyTrac announced a 75% drop in the number of Nevada homes entering foreclosure in October, things seemed to be looking up in the Silver State.0Fri, 09 Dec 2011 08:00:00 GMTFor years, the housing news in Nevada has been unrelentingly bleak: Nearly 3 in 5 homeowners, even the state's attorney general, are underwater on their home loans. In Las Vegas, home prices have tumbled further than in any U.S. metropolitan region. So when market researcher RealtyTrac announced a 75% drop in the number of Nevada homes entering foreclosure in October, even as those numbers surged elsewhere in the country, things seemed finally to be looking up in the Silver State.

Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. 0Thu, 12 Jan 2012 08:00:00 GMTTotal filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. One in every 69 homes had at least one foreclosure filing during the year, while 804,000 homes were repossessed. That's a significant improvement from the peaks reached in 2010 -- when 1.05 million homes were repossessed -- and the lowest levels seen since 2007.

Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac Inc. said.0Thu, 12 Jan 2012 08:00:00 GMTBanks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac Inc. said. About 1.89 million properties received notices of default, auction or repossession last year, down 34 percent from 2010 and the lowest number since 2007, the Irvine, California-based data seller said today in a statement.

A report from RealtyTrac, an Irvine data firm, said about 1.9 million U.S. homes were hit with default notices, foreclosures and other actions last year. That is down from 2.9 million in 2010. Seriously delinquent loans are defined as being four mont0Thu, 12 Jan 2012 08:00:00 GMTCalifornia and other states are likely to see an enormous wave of long-delayed foreclosure action in the coming year as banks deal more aggressively with 3.5 million seriously delinquent mortgages. A report from RealtyTrac, an Irvine data firm, said about 1.9 million U.S. homes were hit with default notices, foreclosures and other actions last year. That is down from 2.9 million in 2010. Seriously delinquent loans are defined as being four months in arrears.

A total of 1.89 million homes were subjected to some type of foreclosure-related filing in 2011, including default notices, scheduled auctions and bank repossessions, according to public records compiled by RealtyTrac. 0Thu, 12 Jan 2012 08:00:00 GMTA total of 1.89 million homes were subjected to some type of foreclosure-related filing in 2011, including default notices, scheduled auctions and bank repossessions, according to public records compiled by RealtyTrac.

U.S. foreclosure filings fell last month as delinquent homeowners got a holiday break, RealtyTrac reported. 0Fri, 16 Dec 2011 08:00:00 GMTU.S. foreclosure filings fell last month as delinquent homeowners got a holiday break, RealtyTrac reported. A total of 224,394 properties received notices of default, auction or repossession, down 14 percent from a year earlier, the data seller said Thursday. One in 579 U.S. households got a filing, compared with 1 in 563 in October, a decline partly the result of a holiday eviction moratorium by mortgage giants Fannie Mae and Freddie Mac, said RealtyTrac Chief Executive Officer James Saccacio.

After rising in October, foreclosure activity fell slightly on a monthly basis in November, though signs point to a coming increase in early 2012, according to RealtyTrac.0Thu, 15 Dec 2011 08:00:00 GMTAfter rising in October, foreclosure activity fell slightly on a monthly basis in November, but some signs point to a coming increase in early 2012, according to a report from foreclosure data site RealtyTrac.

The number of homes involved in the foreclosure process dropped nationally and in most, but not all, Chicago-area counties in November. Some areas saw more properties headed to court-ordered auctions last month.0Thu, 15 Dec 2011 08:00:00 GMTThe number of homes involved in the foreclosure process dropped nationally and in most, but not all, Chicago-area counties in November. Some areas saw more properties headed to court-ordered auctions last month.

Arizona's foreclosure activity in November increased from the same month a year ago for the first time in more than a year as lenders stepped up their efforts to deal with delinquent borrowers, foreclosure tracking firm RealtyTrac said in a report be0Thu, 15 Dec 2011 08:00:00 GMTArizona's foreclosure activity in November increased from the same month a year ago for the first time in more than a year as lenders stepped up their efforts to deal with delinquent borrowers, foreclosure tracking firm RealtyTrac said in a report being released Thursday.

Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the "robo-signing" processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a 0Thu, 15 Dec 2011 08:00:00 GMTDespite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the "robo-signing" processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a new report from the online foreclosure sale site RealtyTrac. "November’s numbers suggest a new set of incoming foreclosure waves, many of which may roll into the market as REOs [bank repossessions] or short sales sometime early next year,” said James Saccacio, co-founder of RealtyTrac.

Scheduled auctions hit a nine-month high following the default surge that began in August. At the same time, RealtyTrac says REO activity is at a 44-month low. Total foreclosure filings – reported on 224,394 U.S. properties in November – a0Wed, 14 Dec 2011 08:00:00 GMT Scheduled auctions hit a nine-month high following the default surge that began in August. At the same time, RealtyTrac says REO activity is at a 44-month low. Total foreclosure filings – reported on 224,394 U.S. properties in November – are down by double-digits from a year ago, but RealtyTrac doesn’t view the numbers as the making of a trend. James Saccacio, co-founder of RealtyTrac, says the 14 percent year-over-year decline in filings last month is the smallest annual decrease recorded over the past year, and he points out that some bellwether states such as California, Arizona, and Massachusetts actually posted increases in foreclosure activity fro

For years, the housing news in Nevada has been unrelentingly bleak. So when RealtyTrac announced a 75% drop in the number of Nevada homes entering foreclosure in October, things seemed finally to be looking up in the Silver State.0Fri, 09 Dec 2011 08:00:00 GMTReporting from Los Angeles and Henderson, Nev.— For years, the housing news in Nevada has been unrelentingly bleak: Nearly 3 in 5 homeowners, even the state's attorney general, are underwater on their home loans. In Las Vegas, home prices have tumbled further than in any U.S. metropolitan region. So when market researcher RealtyTrac announced a 75% drop in the number of Nevada homes entering foreclosure in October, even as those numbers surged elsewhere in the country, things seemed finally to be looking up in the Silver State.

Four metropolitan areas in California took the nation’s top four foreclosure spots, knocking Las Vegas, the reigning foreclosure capitol for 22 straight months, off its number one spot, according to RealtyTrac’s October report.0Fri, 11 Nov 2011 08:00:00 GMTFour metropolitan areas in California took the nation’s top four foreclosure spots, knocking Las Vegas, the reigning foreclosure capitol for 22 straight months, off its number one spot, according to RealtyTrac’s October report.

Visionary Apps LLC has announced that its Complete Foreclosures App, exclusively powered by data from RealtyTrac, will be launching its service on the Android mobile platform. 0Thu, 10 Nov 2011 08:00:00 GMTVisionary Apps LLC has announced that its Complete Foreclosures App, exclusively powered by data from RealtyTrac, will be launching its service on the Android mobile platform.

In another sign foreclosure activity is ramping up, foreclosure filings rose nationwide in October compared to the month before, according to the latest report from foreclosure data site RealtyTrac. 0Thu, 10 Nov 2011 08:00:00 GMTIn another sign foreclosure activity is ramping up, foreclosure filings rose nationwide in October compared to the month before, according to the latest report from foreclosure data site RealtyTrac.

The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.0Thu, 10 Nov 2011 08:00:00 GMTThe number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year. Foreclosure filings were reported on 230,678 properties nationwide in October, a 7% increase from September, reported RealtyTrac, an online marketplace for foreclosed properties.

The Regional Economist cites RealtyTrac as a key source for its analysis of what caused the U.S. foreclosure crisis.0Fri, 01 Jul 2011 08:00:00 GMTBoth predatory lending and household overreaching occurred during the subprime housing bubble. But it is important to identify the primary reason for the foreclosure crisis because the policy implications are vastly different. The Regional Economist cites RealtyTrac as a key source for its analysis of what caused the U.S. foreclosure crisis.

Residential home prices may get a boost from an unlikely source: a pickup in short sales, which occur after default, but before a foreclosure auction.0Wed, 19 Oct 2011 08:00:00 GMTResidential home prices may get a boost from an unlikely source: a pickup in short sales, which occur after default, but before a foreclosure auction. There has been a "dramatic shift" in the willingness of servicers to sell a property for less than the mortgage balance to avoid foreclosing, according to Ron Peltier, chairman and chief executive officer of HomeServices of America Inc., the second-biggest U.S. residential brokerage. Short sales typically change hands at a discount of about 20% to homes not in financial distress, compared with a 40% price cut for bank-owned homes, according to figures compiled by RealtyTrac. (Short sales jumped 19% in the second

The paralyzed U.S. housing market is once again up against an obstacle it has seen before -- mounting foreclosures. 0Thu, 13 Oct 2011 08:00:00 GMTThe paralyzed U.S. housing market is once again up against an obstacle it has seen before -- mounting foreclosures.

Foreclosure activity increased by just less than 1% in the third quarter of 2011, according to RealtyTrac. 0Thu, 13 Oct 2011 08:00:00 GMTForeclosure activity increased by just less than 1% in the third quarter of 2011, according to RealtyTrac. But the firm says a higher rate of default notices indicates lenders may be finally taking the brakes off of foreclosure proceedings.