By Dennis Norman, on October 15th, 2009
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 [...]
By Dennis Norman, on October 10th, 2009
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 [...]
By Dennis Norman, on August 18th, 2009
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 [...]
By Dennis Norman, on July 16th, 2009
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 [...]
By Dennis Norman, on June 11th, 2009
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 [...]
By Dennis Norman, on June 1st, 2009
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), [...]
By Dennis Norman, on January 15th, 2009
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 [...]