Home Seizures Rise as Banks Adjust to Foreclosure Flow

Home seizures in the U.S. rose 5.4 percent last month, the first annual gain in two years, as lenders seek to manage the flow of distressed properties without disrupting the housing recovery, according to RealtyTrac.

RealtyTrac: Florida Leads in Foreclosures Yet Again

Florida has the nation’s highest foreclosure rate for the third month in a row, a report shows.

Home Seizures Rise as Banks Adjust to Foreclosure Flow

Home seizures in the U.S. rose 5.4 percent last month, the first annual gain in two years, as lenders seek to manage the flow of distressed properties without disrupting the housing recovery, according to RealtyTrac.

Foreclosure Dip in Metro Detroit Outpaces National Rate

Metro Detroit foreclosure numbers continued free falling in November to levels not seen since 2006 as Michigan recovers from the housing crisis faster than the rest of the nation.

Illinois Foreclosures Rise for 11th Month

Foreclosure activity in Illinois posted the 11th straight year-over-year increase in November, but compared with a month earlier, according to RealtyTrac.

Nevada Still Suffers High Foreclosure Rates

It’s a testament to how badly Nevada was affected by the housing bust when it still ranks near the top in foreclosures despite cutting distressed activity in half.

Bank Foreclosures Hit Nine-Month High In November: RealtyTrac

U.S. home repossessions rose to a nine-month high in November, even as the number of homes starting on the path to foreclosure declined to the lowest level in six years.

Anything But Foreclosure

A trend I wrote about for the December 2012 edition of Scotsman Guide on how lenders are shifting toward short sales and away from foreclosure has become even more pronounced since I wrote it.

Foreclosure Filings Rise Again in Florida and Tampa Bay Area

Florida is once again the foreclosure capital of the country thanks in part to Tampa Bay, where filings jumped and piled behind tens of thousands of pending cases.

RealtyTrac: Florida leads in foreclosures yet again

Florida has the nation’s highest foreclosure rate for the third month in a row, a report shows.

New Foreclosures Lowest in Six Years in November: RealtyTrac

New foreclosures on U.S. homes hit their lowest in nearly six years in November, another sign the nation's housing market is recovering, according to a report on Thursday.

New Foreclosures Lowest in Six Years in November: RealtyTrac

New foreclosures on U.S. homes hit their lowest in nearly six years in November, another sign the nation's housing market is recovering, according to a report on Thursday.

New foreclosures lowest in six years in November: RealtyTrac

New foreclosures on U.S. homes hit their lowest in nearly six years in November, another sign the nation's housing market is recovering, according to a report on Thursday.

REO Sales Not Dead Yet

The rumors of the demise of REO sales may have been greatly exaggerated — at least in some markets.

$7.6 Billion Available for Millions Facing Foreclosure

Distressed homeowners at risk of foreclosure can get emergency financial aid from the federal government, but they have to act fast. Deadlines are tight, and struggling borrowers are already flooding the program with inquiries, according to the nonpr

Are Mortgage Rates Too High?

As 2012 comes to an end, we are closing out the year with mortgage rates at or near the lowest levels on record.

$26.1 Billion Paid By National Mortgage Settlement, Report Claims

The nation’s largest lenders have distributed $26.1 billion in direct relief to nearly 310,000 borrowers, or roughly $84,385 per homeowner as part of the National Mortgage Settlement, according to a progress report released recently by Joseph A. Smit

Short Sales of Homes Surge as Tax Break to Expire: Mortgages

Homeowners and banks are accelerating sales of properties for less than the amount owed as a U.S. law that gives them a tax break expires at the end of the year.

Upshot of the Foreclosure Backlog

FORECLOSURES are taking significantly longer in states where lenders must go through the courts, and the delay may or may not be good for borrowers, depending on their circumstances.

Short Sales Rise Across South Florida, RealtyTrac Says

More lenders are approving short sales before the homes even get to foreclosure in South Florida, according to RealtyTrac.