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Foreclosures in third quarter 2009 increase 23 percent from a year ago

Dennis Norman

This morning RealtyTrac® released its U.S. Foreclosure Market Reporttmfor the third quarter of 2009, which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) were reported on 937,840 properties in the third quarter which represents a 5 percent increase from the prior quarter and an increase of almost 23 percent from [...]

Foreclosures UP…Mortgage Delinquencies UP…No end in site

Dennis Norman

The foreclosure rate in the U.S. for the month of August, 2009 was 2.86 percent, a 73.3 percent increase from August, 2008 when the rate was 1.65 percent according to a report released yesterday by First American CoreLogic.

In addition, the report showed that the number of borrowers that are seriously delinquent on their [...]

Foreclosures UP 32 percent in July from a year ago

By: Dennis Norman

There just seems to be no end in site for the sickening numbers of foreclosures we are seeing take place in the housing market.  While, from an investors standpoint, it seems like a “positive” in that foreclosures often present a good opportunity for an investor to purchase property at below-market prices however it’s really [...]

Foreclosures on the rise

By: Dennis Norman

According to a report issued by RealtyTrac(R), there were 1,905,723 foreclosure filings (default notices, scheduled auctions and bank repossessions)  on 1,528,364 U.S. properties in the first six months of 2009, a 9% increase in total properties from the previous six months and a 15% increase in total properties from the first six months of [...]

Foreclosure activity finally decreases 6% in May

Dennis Norman

By: Dennis Norman

According to a report issued by RealtyTrac(R), foreclosure filings (default notices, scheduled auctions and bank repossessions or REO’s) were reported on 321,480 U.S. properties for May.  This is a decrease of 6% from April but is still up nearly 18% from a year ago.

The states of Nevada, California and Florida continue [...]

Foreclosures continue at record rate; a new one every 13 seconds

Dennis Norman

By: Dennis Norman

According to a report issued by the Center for Responsible lending, the number of homes that have had foreclosure proceedings begun on this year broke the 1 million mark this past weekend.  The Center for Responsible lending  website has a rather depressing “foreclosure meter” that shows, in real time (sort of), [...]

Foreclosures still on the rise…Investors be cautious

By: Dennis Norman

Today Bloomberg.com reported that, based upon data from RealtyTrac Inc., foreclosures in the US were up 81% last year with a total of 2.3 million foreclosures.  According to RealtyTrac Inc this is the largest number of foreclosures they have documented in the four years they have been tracking foreclosures. 

RealtyTrac Inc data indicates Nevada has the [...]