Real Estate News

Cities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.0Thu, 28 Jan 2010 08:00:00 GMTCities in the so-called Sand States dominated the foreclosure rankings in 2009, with the 20 worst-hit metro areas residing in Nevada, Florida, California and Arizona.

It's going to be another dismal year in the home foreclosures category, according to new data released today by Irvine, CA-based RealtyTrac.0Thu, 28 Jan 2010 08:00:00 GMTIt's going to be another dismal year in the home foreclosures category, according to new data released today by Irvine, CA-based RealtyTrac.

More than 126,000 homes in Inland Southern California received a foreclosure-related notice last year, which was about seven times as many as in 2006 but only 12 percent more than in 2008. 0Thu, 14 Jan 2010 08:00:00 GMTMore than 126,000 homes in Inland Southern California received a foreclosure-related notice last year, which was about seven times as many as in 2006 but only 12 percent more than in 2008. This does not prove that the problem of failing mortgages is stabilizing, but does show that more houses are stuck in a sluggish foreclosure process, according to RealtyTrac, the Irvine company that Wednesday released their annual foreclosure report.

One out of 10. That's how many properties in Merced County got foreclosure filings last year. 0Thu, 14 Jan 2010 08:00:00 GMTOne out of 10. That's how many properties in Merced County got foreclosure filings last year. The grim numbers thrust the county into the top spot for the state of California, according to a new report by RealtyTrac.

It’s been a brutal year for foreclosure activity and there’s “no end in sight,” says Rick Sharga, senior vice president of RealtyTrac.0Thu, 14 Jan 2010 08:00:00 GMTIt’s been a brutal year for foreclosure activity and there’s “no end in sight,” says Rick Sharga, senior vice president of RealtyTrac.

When 2009 began, millions of American homeowners hoped that the worst of the real estate crisis was behind them. They were wrong.0Thu, 14 Jan 2010 08:00:00 GMTWhen 2009 began, millions of American homeowners hoped that the worst of the real estate crisis was behind them. They were wrong. Instead of declining, the number of foreclosed homes in the U.S. last year increased to a record 2.8 million, a 21% rise over 2008 and 120% over 2007, according to a new report from Irvine (Calif.)-based RealtyTrac. 2010 may not be much better.

U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.0Thu, 14 Jan 2010 08:00:00 GMTU.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.

Foreclosure filings increased 14% in December from November, the first monthly increase since foreclosure activity peaked in July, according to a RealtyTrac report out Thursday.0Thu, 14 Jan 2010 08:00:00 GMTForeclosure filings increased 14% in December from November, the first monthly increase since foreclosure activity peaked in July, according to a RealtyTrac report out Thursday. Foreclosure filings were reported on 349,519 properties in December, which were also 15% higher than in December 2008, RealtyTrac said.

Foreclosure filings in Michigan jumped last year even with a freeze on foreclosures, suggesting that 2010 could be another rough year in a state where one out of every 38 households is in foreclosure.0Thu, 14 Jan 2010 08:00:00 GMTForeclosure filings in Michigan jumped last year even with a freeze on foreclosures, suggesting that 2010 could be another rough year in a state where one out of every 38 households is in foreclosure. Many states passed similar moratoriums in the past year to hit the pause button on foreclosures. But the moratoriums simply postponed the inevitable, said Daren Blomquist, a RealtyTrac spokesman.

A triple-digit increase in December foreclosures transformed Hawaii into a top 10 state for foreclosure activity and pushed monthly and year-end totals to their highest level since 2005.0Thu, 14 Jan 2010 08:00:00 GMTA triple-digit increase in December foreclosures transformed Hawaii into a top 10 state for foreclosure activity and pushed monthly and year-end totals to their highest level since 2005. RealtyTrac, an online marketplace for foreclosure properties, reported today that 1,534 Hawaii properties received foreclosure notices last month. The December tally, which equated to one in every 330 Hawaii properties in foreclosure, rose above the national rate of one per every 366 households, RealtyTrac said.

A record 2.8 million US properties were served with foreclosure filings in 2009. This year, it could be even worse as a new wave of homeowners falls into delinquency.0Wed, 13 Jan 2010 08:00:00 GMTA record 2.8 million US properties were served with foreclosure filings in 2009. This year, it could be even worse as a new wave of homeowners falls into delinquency. Already, 1 in 45 homes in the US received at least one foreclosure filing last year; in troubled Nevada, it was 1 in 10, according to a report released Thursday by RealtyTrac, an online marketplace for foreclosed properties, based in Irvine, Calif.

There's no humor in this top 10 list: The states hardest hit by foreclosure. 0Mon, 11 Jan 2010 08:00:00 GMTThere's no humor in this top 10 list: The states hardest hit by foreclosure. And it's especially unfunny for homeowners and agents in Nevada, Florida, California and Arizona, who've languished in the top four for most of the real estate recession.

In November, for the fourth month in a row, the number of foreclosure filings in the United States declined -- an 8 percent drop from October, according to RealtyTrac.0Thu, 10 Dec 2009 08:00:00 GMTIn November, for the fourth month in a row, the number of foreclosure filings in the United States declined -- an 8 percent drop from October, according to RealtyTrac.

With city unemployment at 10.3%, the number of New Yorkers at risk of losing their homes surged 85% in November compared with November of last year, according to RealtyTrac.0Thu, 10 Dec 2009 08:00:00 GMTWith city unemployment at 10.3%, the number of New Yorkers at risk of losing their homes surged 85% in November compared with November of last year, according to stats set to be released today by foreclosure listing firm RealtyTrac.

Florida bumped California in November to earn the No. 2 rank nationally for the rate of foreclosures, according to a report to be released today by Irvine, Calif.-based RealtyTrac. 0Thu, 10 Dec 2009 08:00:00 GMTFlorida bumped California in November to earn the No. 2 rank nationally for the rate of foreclosures, with one in every 165 homes in danger of becoming bank-owned, according to a report to be released today by Irvine, Calif.-based RealtyTrac.

Foreclosure filings in the U.S. will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default, RealtyTrac Inc. said.0Thu, 10 Dec 2009 08:00:00 GMTForeclosure filings in the U.S. will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default, RealtyTrac Inc. said.

You will find dozens of Internet sites with foreclosure listing, but RealtyTrac is by far the closest to being a representative of the Web 2.0. 0Wed, 18 Nov 2009 08:00:00 GMTYou will find dozens of Internet sites with foreclosure listing, but RealtyTrac is by far the closest to being a representative of the Web 2.0. RealtyTrac is a search engine that allows Real Estate agents and buyers to locate foreclosure properties throughout the nation. Three types of bargain-buying opportunities are offered: the pre-foreclosure, the purchase of bank-owned properties, and public auction which are represented on RealtyTrac by six property statuses. Buyers need to pay a fee, just like it is for any other foreclosure site for viewing entire detailed information regarding the foreclosed property.

Bank repossessions of homes in the Washington area declined last month but are on pace to surpass last year's total in most parts of the region by the end of the year, according to RealtyTrac. 0Fri, 13 Nov 2009 08:00:00 GMTBank repossessions of homes in the Washington area declined last month but are on pace to surpass last year's total in most parts of the region by the end of the year, according to RealtyTrac.

Foreclosure filings in Rhode Island rose 55 percent in October compared with a year earlier, according to real estate tracking firm RealtyTrac Inc.0Thu, 12 Nov 2009 08:00:00 GMTForeclosure filings in Rhode Island rose 55 percent in October compared with a year earlier, according to real estate tracking firm RealtyTrac Inc.

Inland Southern California, reeling from failed mortgages, ranked fourth in the nation last month in the rate of all foreclosure activity, anccording to RealtyTrac.0Thu, 12 Nov 2009 08:00:00 GMTInland Southern California, reeling from failed mortgages, ranked fourth in the nation last month in the rate of all foreclosure activity, anccording to RealtyTrac. "I think the goal is to maintain the fragile balance we have reached in a lot of markets where the prices are not going down as quickly as they were and in areas where prices seem to have stabilized," said Daren Blomquist, a spokesman for RealtyTrac, an Irvine-based online foreclosure marketing service that released its October data Wednesday.