"The final numbers for 2008 were even worse than we’d anticipated," says Rick Sharga of RealtyTrac, which saw an 81 percent increase in the number of households in foreclosure last year. And December’s final tally almost set a new record, despite foreclosure prevention efforts at the state and national level.
"2011 is going to be the peak," said Rick Sharga, a senior vice president at foreclosure tracker RealtyTrac Inc. The firm predicts 1.2 million homes will be repossessed this year by lenders.
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· What happens when banks walk away from homes? Will 2011 break 2010′s record year for foreclosures? We’ll answer these questions and get an update on mortgage application activity, interest rates, and some final thoughts on the week. 2010: Record-Setting Year for Foreclosures RealtyTrac released its Year-End 2010 US
Foreclosures in 2011 to break last year’s record: RealtyTrac Foreclosures plunge 27% – biggest drop on record. The number of foreclosure notices filed in February dropped 14% compared with a month earlier and 27% compared with a year earlier, according to RealtyTrac.
· Foreclosures plunge 27% – biggest drop on record. The number of foreclosure notices filed in February dropped 14% compared with a month earlier and 27% compared with a year earlier, according to RealtyTrac.
Lenders repossessed 1,050,500 homes last year, according to the 2010 end-of-year foreclosure report from RealtyTrac. The annual figure marks a record-high number of new bank-owned properties.
Flagstar mortgage servicing settlement with CFPB imminent · The consumer financial protection bureau (CFPB) ordered Michigan-based bank Flagstar to pay $37.5 million in penalties for violating the new mortgage servicing rules by.
1.5 million homes in foreclosure in ’09 Homeowners fell behind on mortgage payments in record numbers during the first six months of 2009. The future doesn’t look much better.
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U.S. Real Estate Trends uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.. The number of new foreclosure filings compared to the 30-year interest rate.. Any Today Within last 7 days.
RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Irvine, California.It publishes a monthly U.S. Foreclosure Market Report. In November 2011 Renovo Capital LLC, a private equity firm, bought a majority stake in the company and formed a new company, Renwood RealtyTrac LLC.