RealtyTrac: 2Q foreclosure activity rises as some states see reboot

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How to buy a foreclosure direct from the courthouse-Part 1 Illinois foreclosure activity increased 2 percent from a year ago, and the state posted the nation’s fifth highest state foreclosure rate — one in every 730 housing units with a foreclosure filing..

RealtyTrac, a leading online marketplace for foreclosure properties, released first-quarter data from its 2007 U.S. Foreclosure Market Report, showing more than 430,000 foreclosure filings – default notices, auction sale notices and bank repossessions – reported nationwide during the first three months of the year, up 27% from the previous quarter and up 35% from the first quarter of 2006.

The top 20 metro areas with the highest foreclosure rates were in four states – Florida, California, Nevada and Arizona, according to the report. Other RealtyTrac findings: 94,466 properties received a foreclosure filing in the Miami-Fort Lauderdale-Pompano Beach metro area during the first half of 2010, more than any other metro area.

The Seattle area’s home foreclosure rate continued to rise through the first half of this year, and was 76th highest among 203 large U.S. metropolitan areas, according to a new report. One in.

See other articles in PMC that cite the published article.. Exposure to foreclosure between waves 1 and 2 predicted symptoms of. Michigan, a city that experienced some of the highest rates of unemployment. [PubMed]; RealtyTrac [21 January 2011];Foreclosure activity increases 81 percent in 2008.

RealtyTrac estimates there are 872,000 homes that have been repossessed by lenders, but have yet to be sold. At the first-quarter’s sales pace, it will take three years to clear the inventory of 1.9.

RealtyTrac released this news this evening. There was no mention of Minnesota in the report, however we are still running middle of the pack in their foreclosure heat map. The report talks about how foreclosure activity has been slowly declining but they are expecting it to pick back up as banks will want to move the next wave through the system.

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I find evidence that subprime lenders achieve greater market penetration in. track local lending and foreclosure patterns; (2) promote healthier mortgage markets in.. To better understand why the increases were greater in some metropolitan. over 60% of loans entering foreclosure in the United States were subprime,

Foreclosure activity, as measured by the number of homes receiving. of the past year and a half,’ said Daren Blomquist, a vice president at RealtyTrac. Some 33 states saw annual increases in homes.