Real Estate News

U.S. foreclosure filings spiked by more than 81% in 2008, a record, according to RealtyTrac, and they're up 225% compared with 2006. 0Thu, 15 Jan 2009 07:00:00 GMTU.S. foreclosure filings spiked by more than 81% in 2008, a record, according to RealtyTrac, and they're up 225% compared with 2006. "Clearly the foreclosure prevention programs implemented to date have not had any real success in slowing down this foreclosure tsunami," said James Saccacio, CEO of RealtyTrac in a statement.

Foreclosure filings surpassed 3 million in 2008, setting a record that has Washington, D.C., policymakers calling for more aggressive efforts this year to aid troubled homeowners. 0Tue, 03 Feb 2009 07:00:00 GMTForeclosure filings surpassed 3 million in 2008, setting a record that has Washington, D.C., policymakers calling for more aggressive efforts this year to aid troubled homeowners. "That was a surprise," says Rick Sharga, senior vice president at RealtyTrac. "These filings came despite (foreclosure) moratoriums. There was no way we were expecting a near-record month, and I believe January will be a record-setting month. We're in for a very difficult year."

U.S. foreclosure filings jumped 81 percent last year as falling house prices, tighter mortgage lending and the longest recession in a quarter century battered property owners, RealtyTrac Inc. said. 0Thu, 15 Jan 2009 07:00:00 GMTU.S. foreclosure filings jumped 81 percent last year as falling house prices, tighter mortgage lending and the longest recession in a quarter century battered property owners, RealtyTrac Inc. said.

"It really is almost a national situation where we can find you at least one good deal almost everywhere," said Rick Sharga, vice president of marketing at RealtyTrac.0Mon, 12 Jan 2009 07:00:00 GMT"It really is almost a national situation where we can find you at least one good deal almost everywhere," said Rick Sharga, the vice president of marketing for the foreclosure listing service RealtyTrac.

By the end of this year, RealtyTrac predicts nearly 3 million U.S. households will be in foreclosure, compared with 800,000 foreclosed homes in 2005.0Sun, 04 Jan 2009 07:00:00 GMTBy the end of this year, RealtyTrac predicts nearly 3 million U.S. households will be in foreclosure. That compares with 800,000 foreclosed homes in 2005, during the housing industry's most prosperous days.

Foreclosure rates continued to escalate across the Treasure Coast in November, according to a RealtyTrac report released Wednesday.0Thu, 11 Dec 2008 07:00:00 GMTForeclosure rates continued to escalate across the Treasure Coast in November, according to a RealtyTrac report released Wednesday.

U.S. foreclosure filings climbed 28 percent in November from a year earlier and a brewing “storm” of new foreclosures may force 1 million homeowners from their properties next year, RealtyTrac said. 0Thu, 11 Dec 2008 07:00:00 GMTU.S. foreclosure filings climbed 28 percent in November from a year earlier and a brewing “storm” of new defaults and job losses may force 1 million homeowners from their properties next year, RealtyTrac Inc. said.

Foreclosure filings on 8,473 properties across the state were filed in October, according to the latest data compiled by RealtyTrac, an online marketplace for foreclosed properties.0Sat, 15 Nov 2008 07:00:00 GMTForeclosure filings on 8,473 properties across the state were filed in October, with Essex, Bergen and Salem counties driving the activity, according to the latest data compiled by RealtyTrac, an online marketplace for foreclosed properties.

Seattle-area foreclosures were up last month but still below the national rate, according to RealtyTrac, an Irvine, Calif., company that tracks foreclosures. 0Fri, 14 Nov 2008 07:00:00 GMTSeattle-area foreclosures were up last month but still below the national rate, according to RealtyTrac, an Irvine, Calif., company that tracks foreclosures.

The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, according to RealtyTrac.0Thu, 13 Nov 2008 07:00:00 GMTThe number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, according to RealtyTrac.

More than a quarter million U.S. households received a foreclosure filing in October, RealtyTrac Inc. said. 0Thu, 13 Nov 2008 07:00:00 GMTMore than a quarter million U.S. households received a foreclosure filing in October even as state laws designed to protect property owners from losing their homes slowed the pace of defaults, RealtyTrac Inc. said.

In October, 279,561 borrowers received foreclosure filings, according to RealtyTrac. 0Thu, 13 Nov 2008 07:00:00 GMTLast month 279,561 struggling borrowers received foreclosure filings, including default notices, notices of auction sales and bank repossessions, according to RealtyTrac, an online marketplace for foreclosures. That's a 5% increase from September, and up 25% from October 2007.

"In my wildest dreams I couldn’t have imagined that the market could have gotten this much worse, as bad as it was last year,” says Rick Sharga, senior vice president of RealtyTrac.0Tue, 28 Oct 2008 07:00:00 GMT"In my wildest dreams I couldn’t have imagined that the market could have gotten this much worse, as bad as it was last year,” says Rick Sharga, senior vice president of RealtyTrac.

So if you want to know numbers, there's a good chance you will turn to RealtyTrac, a company in Irvine, Calif., that has emerged as a go-to source for foreclosure data.0Fri, 24 Oct 2008 07:00:00 GMTSo if you want to know numbers, there's a good chance you will turn to RealtyTrac, a company in Irvine, Calif., that, thanks to its nationwide network of records collectors, has emerged as a go-to source for foreclosure data.

Cape Coral-Fort Myers is third in the country for its foreclosure rate. 0Fri, 24 Oct 2008 07:00:00 GMTCape Coral-Fort Myers is third in the country for its foreclosure rate.

The number of households notified that their homes are headed to foreclosure declined sharply from August to September across the Inland region and statewide, the effect of a new state law. 0Thu, 23 Oct 2008 07:00:00 GMTThe number of households notified that their homes are headed to foreclosure declined sharply from August to September across the Inland region and statewide, the effect of a new state law requiring mortgage servicers and lenders to give homeowners 30 days to try to fix their troubled loans.

A recent report by RealtyTrac reveals that Minnesota foreclosures rose 42 percent in September compared to foreclosure filings during the same period in 2007. 0Thu, 23 Oct 2008 07:00:00 GMTA recent report by RealtyTrac reveals that Minnesota foreclosures rose 42 percent in September compared to foreclosure filings during the same period in 2007.

The number of homes in foreclosure in the Capital Region jumped 138 percent in a year, but the area's foreclosure rate remains one of the nation's lowest, according to RealtyTrac.0Thu, 23 Oct 2008 07:00:00 GMTThe number of homes in foreclosure in the Capital Region jumped 138 percent in a year, but the area's foreclosure rate remains one of the nation's lowest, according to RealtyTrac.

The housing crisis still has a choke hold on America: In September, 81,312 homes were lost to foreclosure, according to RealtyTrac. 0Thu, 23 Oct 2008 07:00:00 GMTThe housing crisis still has a choke hold on America: In September, 81,312 homes were lost to foreclosure, according to RealtyTrac.

Foreclosure activity in September rose 21 percent from a year earlier but fell by double-digits from the prior month as some state laws slowed the foreclosure process, according to RealtyTrac.0Thu, 23 Oct 2008 07:00:00 GMTForeclosure activity in September rose 21 percent from a year earlier but fell by double-digits from the prior month as some state laws slowed the foreclosure process, according to a monthly report by research firm RealtyTrac.