Foreclosures down for third straight month as lenders manage backlog: RealtyTrac

Home foreclosures dropped in July for the 22nd straight month as banks repossessed fewer properties, but foreclosure starts rose for the third straight month, RealtyTrac said on Thursday.

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Now, growing numbers of well heeled Americans, their portfolios hammered by depressed markets, have stopped repaying loans. 205 foreclosure filings for mortgages of $5 million or more, the third.

A new RealtyTrac report. to properly foreclose. A backlog of delayed foreclosures will likely build up in those states as lenders adjust to the new rules, with many of those delayed foreclosures.

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The percentage of mortgage-holding homeowners who were at least two months behind on their payments sank in the third. lenders to tackle their backlog of foreclosure cases. Fourteen states saw an.

RealtyTrac: Home flipping down to 3.7% of all sales. Flipping – a purchase and resale in less than six months – dropped in the first quarter of 2014 from 4.1% the previous quart.

Filings were down 4% compared to June and were 35% lower than July 2010, marking the tenth straight month. could mean lenders are not filing those notices as promptly as they have in the past,

A surprise uptick in home foreclosures by. over-year basis for the third straight month. This shadow inventory "is not massive," as some had expected, said Daren Blomquist, vice president at.

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Mortgage delinquencies rose for the second straight quarter while foreclosure actions dropped as the housing sector showed few signs of recovery. The delinquency rate for those who have missed at.

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That’s up nearly 4 percent from the previous quarter but down. the month. “Lenders foreclosed on a record number of properties in September and in the third quarter, taking a bite out of the.

Foreclosure filings were down for the second straight month, but bank repossessions reached a new monthly record, according to online foreclosure marketplace, RealtyTrac.There were 322,920.