Some states saw spike in foreclosures in February

BY: Associated Press
POSTED: March 15, 2012
Tags: Banks, courts, default notices, florida, foreclosure activity, hawaii, homeowners, homes, maryland, mortgages, nevada, RealtyTrac, repossessions, underwater

LOS ANGELES — Foreclosure activity surged last month across about half of the nation’s states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays stemming from foreclosure-abuse claims. The increase occurred across 26 states where the courts supervise the foreclosure process. In contrast, the [...]

U.S. foreclosure activity hit 7-month high in Oct.

BY: Associated Press
POSTED: November 10, 2011
Tags: auctions, Banks, borrower, default, foreclosure, homes, lender, mortgage, RealtyTrac, repossessions, transunion, underwater

LOS ANGELES — More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show. Some 77,733 properties received an initial default notice last month, up 10 percent from September, foreclosure listing firm RealtyTrac Inc. said Thursday. The number [...]

Foreclosure activity slows sharply in February

BY: Associated Press
POSTED: March 10, 2011
Tags: Banks, citigroup, foreclosure, foreclosure notice, homeowners, JPMorgan Chase, lenders, properties, Real Estate, RealtyTrac, repossessions

LOS ANGELES — The number of U.S. homes receiving a foreclosure-related notice fell to a 36-month low last month, as lenders delayed taking action against homeowners amid heightened scrutiny over banks’ handling of home repossessions. Some 255,101 properties received at least one of the notices in February, down 14 percent from January and 27 percent [...]