Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac

Foreclosure filings 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 RealtyTrac, an online foreclosure marketplace.. More than 1.6m homes received at least one filing, including default notices, auction sale notices and bank repossessions over the last six months, according to the report.

Differences Between Shortsales, Pre-Foreclosures, and Foreclosures Foreclosure activity dropped 3 percent from April to May, according to new data from RealtyTrac. It’s the second month in a row the company has recorded a decline. In May, a total of 322,920.

Foreclosures Pick Up as New Wave Approaches The increase in defaults may indicate that banks have resolved paperwork issues and are ready to move forward.

NAR attributed part of the drop in sales to. "We still have a lot of foreclosures to clean out in the market." In 2010, lenders repossessed 38,535 homes in Atlanta, a 21 percent jump from the.

Foreclosure filings, which include defaults, auctions and repossessions (REOs), totaled 224,394 in November, a 3 percent decrease from the previous month and 14 percent below November 2010.

The questionable cases are part of a backlog of more than 1.2 million loans that are in the process of foreclosure in the United States, according to RealtyTrac, a housing data firm based in Irvine, Calif. In addition, another 900,000 properties taken back by banks remain on lenders’ books, while five million more loans are seriously delinquent.

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"Banks are continuing to work through the backlog of lingering foreclosures, pushing bank repossession numbers higher in the short term even as foreclosure starts drop to new lows," said Daren Blomquist, vice president of RealtyTrac.

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The Man’ was here for 3 days for 22 loans. drop in origination volume, and 73% expect their personal volume to increase in 2015, versus 53% who held that opinion last year." Switching gears, last.

The S&P/Case-Shiller index of home values in 20 cities fell 2.4%, the biggest year-over-year decrease since December, a sign the U.S. housing market is struggling even as the rest of the economy.

Foreclosure Data Housing Crisis Hits Home (Connecticut Post, Oct. 28th): "RealtyTrac. 1 in every $3 that is generated in metropolitan Phoenix. If real estate begins to pick up as predicted by.

LOS ANGELES (AP) – Lenders repossessed. those states will see a surge in foreclosed homes later this year. Banks took back 30,226 homes last month, a drop of 4 percent from December, foreclosure.