Foreclosures Growing in Suburbs and Secondary, says RealtyTrac

RealtyTrac Report: Foreclosures Up 18%. "While defaults and scheduled foreclosure auctions were both down from the previous month, bank repossessions were up two percent thanks largely to substantial increases in several states, including Michigan, Arizona, Washington, Nevada, Oregon and New York," says James Saccacio, CEO of RealtyTrac.

Broward County had 3,259 foreclosure-related home sales in the second quarter, down 31 percent from a year ago, the realtytrac listing firm said. In Palm Beach County, there were 2,966 foreclosure.

IN THE SUPREME COURT OF FLORIDA LEWIS BROOKE BARTRAM, etc., Petitioners, Consolidated Case Nos. SC14-1265. PUBLIC POLICY BECAUSE IT WORSENS FLORIDA’S growing zombie property crisis AND RESTRICTS THE ALIENABILITY. Florida leads nation in zombie foreclosures,’ RealtyTrac says, South Florida Business Journal, Mar. 13, 2014,

Pre-foreclosures don’t always come onto the market. Not everyone wants to sell. Instead, homeowners might work out a deal with their bank or they might file for bankruptcy. online real estate databases such as Zillow and Trulia integrate foreclosure and pre-foreclosure information onto their websites from a company called RealtyTrac. RealtyTrac

Foreclosures, sad to say, are a fact of life in today’s housing market. The number of U.S. homes in various stages of mortgage delinquency, though not growing as quickly as. chief economist at.

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“It’s not anything like a recovery yet,” says Rick Sharga, a senior vice president at RealtyTrac. RealtyTrac reported Thursday that nearly 323,000 households, or one in every 400 homes, received a foreclosure-related notice in May. That was up 0.5% from a year earlier and down 3% from April.

Mortgage lenders say the law – which was suspended in November. They just collect their fees at settlement, unload the loan onto the secondary market and move on to the next.

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 · Other states, like New York and New Jersey, are still seeing huge delays in the foreclosure process–986 and 984 days respectively, says RealtyTrac.

For 12 years, Paul Vachon lived with his wife and son in a four-bedroom bungalow in one of the nicer suburbs. which foreclosure filings (default notices, auction sale notices and bank repossessions.

The national rate of foreclosure increased 2% in September, compared to August; however, foreclosures continue on a downward trend, overall, according to RealtyTrac’s U.S. Foreclosure Market Report. A total of 131,232 foreclosure filings – including default notices, scheduled auctions and bank repossessions – were reported on U.S. properties in September – a 27% decrease compared [.]

Mortgage applications down 2.3% led by drop in purchases The index of pending home sales rose 4.6%, after a 2.3% decline the previous month, according to data released Wednesday from the National Association of Realtors in Washington. That compared with the median projection of analysts for an increase of 1%. The gauge was down 3.2% from a year earlier.