1.6 Million Homes Hit With Foreclosure Notices In First Half Of 2010 7.15.10 8:46 PM EDT By marcperton recession watch real estate housing foreclosures bubble trouble
RealtyTrac: 3.8m Homes to Receive Foreclosure Filing in 2010 Property foreclosure filings in the US dropped 5% over the first half of 2010 as lenders continue to delay proceedings to focus on short sale and loan modification efforts, according to a new report. More than 1.6 million homes received at least one filing, including default notices.
RealtyTrac measures foreclosure rate by tallying the number of homes that receive a foreclosure-related filing, such as an initial default notices or a notice of scheduled auction. Florida clocked in last month with the second-highest foreclosure rate in the nation, followed by Ohio, Maryland and Delaware to round out the top five.
“The next wave (of foreclosures) is coming next year and in 2010. in lending and home building. In Nevada, one in every 74 homes was hit with a foreclosure filing last month. Arizona saw one in.
A house of loan horrors – BofA then filed for foreclosure in June 2009. In August, the Spinellis did receive. of the home. It turned out that fannie mae owned the mortgage on their home and that BofA was the servicer of the.
RealtyTrac: 3.8m Homes to Receive Foreclosure Filing in 2010 According to RealtyTrac, foreclosure filings – default notices (NODs), auction sale notices (NOTs) and bank repossessions – were reported on 1,654,634 U.S. properties in the first six months of 2010,
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These have outnumbered the 1.24m foreclosures completed in the same period, according to the report, which bases those numbers off data from RealtyTrac. But more work is still on the way. rick sharga, senior vice president at RealtyTrac said 3.8m households could receive a foreclosure filing by the end of 2010.
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Your Resource for foreclosure properties. realtytrac offers a one-stop shop for homes buyers, investors, and other real estate professionals. You’ll get access to the largest selection of foreclosures, foreclosed homes for sale, MLS listings, auctions and bank-owned homes.
Foreclosure filings jumped 7 percent nationwide in October from the previous month, but remain nearly 31 percent below last year’s level, according to a report released today by RealtyTrac.The rise
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