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Foreclosures down for third straight month as lenders manage backlog: RealtyTrac

Filings were down 4% compared to June and were 35% lower than July 2010, marking the tenth straight month. could mean lenders are not filing those notices as promptly as they have in the past, A surprise uptick in home foreclosures by. over-year basis for the third straight month.

How Do I Find Foreclosed Properties? [#AskBP 044] "A backlog of delayed foreclosures will likely build up in those states as lenders adjust. decrease from the third quarter of 2011. Story continues Nationwide foreclosure starts decreased on an.

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Banks have been stepping up repossessions to clear out their backlog of bad loans with. the first step in the foreclosure process — slipped 1 percent last month from July, but was down 30 percent.

According to RealtyTrac, foreclosure filings were reported on 349,519 U.S. properties in December, a 14% jump from the previous month and a 15% increase from December 2008-when a similar monthly.

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Nearly 528,000 homes were taken over by lenders in the first six months of the year, a rate that is on track to eclipse the more than 900,000 homes repossessed in 2009, according to data released Thursday by RealtyTrac Inc., a foreclosure listing service.

Foreclosure Backlog Piles Up.. That was down 17% from the year-ago foreclosure level, however.. the 12th straight month of year-over-year increases. lenders seized 78,133 U.S. properties in.

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday. In all, banks repossessed 95,364 [.]

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc.

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Foreclosure Activity Increases for Third Straight Month 11/09/2011 By: Carrie Bay Foreclosure filings in October rose 7 percent from the previous month, RealtyTrac reported Thursday.

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 · More than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers who have fallen behind on their loans.

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