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RealtyTrac: May foreclosures inch up 2%

 · Foreclosures are way down in hot markets like San Diego and Los Angeles, but in inland California cities (Modesto and Stockton) the percentage of sales that are bank-owned top 20%. “Distressed property may be more rare, but you’re also buying in a housing market that’s improving and growing,” so it’s not as risky, Blomquist says.

Finding a Foreclosure "Diamond in the Rough" The monthly foreclosure market report released by RealtyTrac. end up adding to the foreclosure inventory, which is expected to jeopardize the recovery of the overall housing property market in the.

 · The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac Inc. said Thursday. But the data aren’t all sunny.

RealtyTrac data for first quarter 2017 show that property foreclosure filings (or events) in the U.S., which includes notices of default, notices of foreclosure sales and lender purchases of foreclosed properties, fell 11.0 percent to 234,508 events, after inching up 6.1% for the first time in six quarters.

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Foreclosures in La Crescenta decreased 14%, from 43 homes in April to 37 in May. Meanwhile, Glendale saw a 4 % increase in the number of homes going into foreclosure, from 180 in April to 188 in May.

CHICAGO (MarketWatch) – Foreclosure filings fell 2% in May, compared with April, pushing foreclosure activity down to a 42-month low, according to RealtyTrac’s monthly foreclosure market.

RealtyTrac data for first quarter 2017 show that property foreclosure filings (or events) in the U.S., which includes notices of default, notices of foreclosure sales and lender purchases of foreclosed properties, fell 11.0 percent to 234,508 events, after inching up 6.1% for the first time in six quarters.

Considering that the national foreclosure rate has dropped significantly in the past year, it would make sense that distressed sales also declined, right? Not so, according to RealtyTrac’s December and Year-End 2013 U.S. Residential & foreclosure sales report, which shows that short sales and foreclosure-related sales – including sales to third-party buyers at public foreclosure [.]

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The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac Inc. said Thursday. But the data aren’t all sunny.

The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May.Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April.

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