RealtyTrac , the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report for September and the third quarter of 2012, which shows foreclosure.
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The number of homes entering the foreclosure process, so-called foreclosure starts, fell to 87,066 in September, down 12 percent from August and 15 percent from a year earlier. It was the second-straight month of declines following three months of increases, Irvine, Calif.-based RealtyTrac reported.
Florida foreclosure activity increased for the second straight month in October, with the state maintaining America’s second-highest foreclosure rate for the third. Lenders made foreclosure filings.
There were 1,647 properties statewide in foreclosure for the month. the third-straight monthly increase, RealtyTrac said. Foreclosure starts in march exceeded 100,000 for the first time since.
Foreclosure filings in August fell 5% from a year ago, the third straight month of declines, according to RealtyTrac, an online foreclosure marketplace. Foreclosures down for third straight month.
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Foreclosure filings fell again in July, but a spike in new foreclosures indicates that the housing market still has a long way to go before it works through its backlog of problem loans.
U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there.
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Foreclosure moratoriums in each state in the aftermath of Superstorm Sandy last month means it will take longer for lenders complete pending foreclosures, Blomquist said. All told, 89,209 homes entered the foreclosure process in October, up 2 percent from September, but down 19 percent from October last year, RealtyTrac said.
Foreclosure Activity Increases for Third Straight Month 11/09/2011 By: Carrie Bay Foreclosure filings in October rose 7 percent from the previous month, RealtyTrac reported Thursday.
More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone. Banks took back 21 percent fewer homes last month than in July last year, RealtyTrac said..