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Sharp drop in homes lost to foreclosure in Feb.
LOS ANGELES — While the nation’s foreclosure woes persist, new data show they’re easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes. The number of U.S. homes repossessed by lenders last month fell 11 percent from January and declined 29 […]
Foreclosures take smaller slice of sales
LOS ANGELES — Foreclosures made up a smaller slice of all U.S. homes sold in last year’s third quarter, as banks delayed placing properties for sale and home sales slowed. Despite the decline, foreclosures still represented 20 percent of all homes sold in the July-September period — about four times more than at the height […]
Despite slowdown, more foreclosures loom
Fewer U.S. homes entered the foreclosure process or were taken back by banks in November, reflecting a seasonal pullback in foreclosure activity by lenders and mortgage servicers. But for some homeowners already behind on their mortgage payments, the end-of-year slowdown isn’t likely to provide much of a reprieve. The number of homes in foreclosure and […]
U.S. foreclosure activity edged higher in 3Q
LOS ANGELES — More U.S. homes are entering the foreclosure process, but they’re taking ever longer to get sold or repossessed by lenders. The number of U.S. homes that received a first-time default notice during the July to September quarter increased 14 percent compared to the second quarter, RealtyTrac Inc. said Thursday. That increase signals […]
Maryland foreclosures fall, but news isn’t good
Foreclosures on Maryland properties in the first half of this year fell more than 68 percent compared with the corresponding period in 2010, an extreme example of a nationwide trend, foreclosure listing company RealtyTrac Inc. said Thursday. But the decline, which resulted from delays in foreclosure processing, may not be good news for homeowners, instead […]
Home sales dropped in April, foreclosures declined
WASHINGTON — Fewer people purchased previously occupied homes in April. Activity among first-time homebuyers increased and foreclosure sales declined, but those factors weren’t enough to signal a recovery in the weak housing market. Sales of previously occupied homes fell 0.8 percent in April to a seasonally adjusted annual rate of 5.05 million units, the National […]
Wanted: More foreclosure mediation
The architects of Maryland’s new foreclosure mediation law are pleased with how it has worked in the last eight months. Now, if only more homeowners would participate. “The problem with mediation isn’t mediation, it’s homeowners opting into mediation and homeowners knowing they have the right to mediation,” Anne Balcer Norton, deputy commissioner of the state’s […]
