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

 · U.S. Foreclosure Activity Drops to 5-Year Low in September According to RealtyTrac(R) U.S. Foreclosure Market Report. a decrease of 7 percent from the previous month and down 16 percent from.

THE CAPITAL, TALLAHASSEE, June 11, 2009. One in 148 Florida homes was in foreclosure in May, the third highest rate in the country, according to RealtyTrac, a California-based company that lists foreclosed properties nationwide. Nearly 59,000 Florida properties were in foreclosure proceedings in May, up 50 percent from May 2008. Of those, 39,500 were initial.

Buying Foreclosures From HUD 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. Including default notices, scheduled auctions, and bank repossessions – which all increased month-over-month – filings were reported on 230,678 U.S. properties in October.

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Arizona foreclosure activity decreased nearly 15 percent from the previous month, but the state’s foreclosure rate moved from third highest in March to second highest in April thanks to an even bigger decrease in California. One in every 169 arizona housing units receiving a foreclosure filing in April — more than twice the national average.

Foreclosure activity in April fell nationally to the lowest level since the summer of 2007, but government intervention and the recent billion mor. no inventory!" Bank repossessions (REO) are down for the third straight month, according to RealtyTrac. Lenders took back 51,415 properties in April.

 · This news comes from a RealtyTrac study via an AP article by Alex Veiga. According to RealtyTrac, over 95,000 homes became real estate owned (reo) in August, a 3 percent increase from the prior month and a 25 percent increase from the previous August. This is the ninth straight month that the number of homes seized by lenders has increased.

Monday Morning Cup of Coffee: Investors keep sights on real estate Skip the cup of coffee or burst of sugar. there is always an element of guilt when you look at your bank account to see the damage. On Monday morning, we promise ourselves that we’ll spend less.

Numbers don’t lie but they often don’t tell the whole story, as Irvine, CA-based RealtyTrac acknowledged today. Residential foreclosures in the first half were down 5 percent from the last six months in 2009, but only because lenders were approving short sales.

But the lender did say that it is “working directly with the borrower to address their claims.” Since 2007, nearly 9 million homes have been lost to foreclosure, according to data from RealtyTrac..

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