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Foreclosure Rates Rise on High Unemployment.. foreclosure activity in many of the metro areas in these states actually declined last year.. and the pace of foreclosures is expected to pick.
All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions-warnings that can lead up to a home eventually being lost to foreclosure.
RealtyTrac: Foreclosure activity picked up in 120 metros Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives Analysts: Price appreciation is here for the long haul
Foreclosure activity hit an 11-year low in this year’s third quarter, as an improving economy and stricter mortgage standards helped stabilize the housing market to pre-2008 levels.
RealtyTrac noted annual foreclosure activity in Washington has been on the rise for seventh consecutive months, and the state’s No. 5 ranking was the highest it has received since the report began in January 2005. Foreclosure activity in Maryland also continued to trend upward and rose for the eighth straight month.
Law firm files suit for BofA homeowners seeking modifications Bank of America routinely denied qualified borrowers a chance to modify their loans to more affordable terms and paid cash bonuses to bank staffers to push homeowners into foreclosure, according.
1st Quarter Foreclosures Drop 12%, Says RealtyTrac. ourbroker.comApril 11, 2013. foreclosure activity is up substantially in Maryland. Why?. Now foreclosures have begun to pick-up and actions delayed by the robo-signing issue are once again starting to move through the court system.
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The foreclosure crisis is getting worse as high unemployment and lackluster job prospects force homeowners in an increasing number of U.S. metropolitan areas into dire financial straits.
National foreclosure inventory drops: LPS JACKSONVILLE, Fla., July 8, 2013 /PRNewswire via COMTEX/ — The May Mortgage Monitor report released by Lender Processing Services LPS, +2.56% found that the national delinquency rate continued to.
States with the five highest foreclosure rates in October included Florida, Nevada, Maryland, Ohio, and Illinois, according to RealtyTrac’s report. Among the nation’s 20 largest metro areas, the highest foreclosure rates were in Miami, Tampa, Chicago, Baltimore, and Riverside-San Bernardino, California.
We drew on RealtyTrac’s report to highlight the 14 metros with the highest foreclosure rates. note: The metros are ranked by foreclosure rate, i.e., one in every X homes received a foreclosure filing.
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RealtyTrac. end up as bank repossessions or short sales later this year. RELATED Pending home sales rose in January "New foreclosure hot spots [in February] include states like Washington, where.
According to RealtyTrac’s 2012 Year-End Metropolitan Foreclosure Market Report, foreclosure activity increased from 2011 in 120 (57 percent. RealtyTrac scored all metro areas with a population of.