Foreclosure delays beginning to wear off: RealtyTrac

House foreclosures still astronomically high: Six times. – Buyers scooping up foreclosure properties there in the first quarter got an average discount of nearly 18 per cent compared to the average sales price of other types of homes, RealtyTrac said. In.

While foreclosures slowed, the wider real estate market improved. As banks held onto properties, the supply of homes for sale dropped to 2.3 million in December, the lowest since 2005, before rising 4.7 percent the following two months, according to the National Association of Realtors.

On October 3rd some new regulations with regard to home mortgages and loan closings will go into effect that have the mortgage and real estate industry in a little bit of a panic. As a result of passage of the dodd-frank wall street reform and Consumer Protection Act there is a major overhaul to the lending industry in the works.

"[Foreclosures are] making little noise in the housing market — at least on a national level," said Daren Blomquist, RealtyTrac’s vice president. "That takes some pressure off," said Larson..

"We’re beginning to see price declines in most eastern markets in the fourth quarter of 2005," said president Alexis McGee. "The median home price in Boston fell 4.5 percent over the last three months. In Washington D.C., prices were flat over the last 30 days, but down 5.4 percent over the last 90 days.

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Foreclosure filings in July dropped to their lowest level since November 2007, due to processing delays and foreclosure prevention measures, according to RealtyTrac. A first step could be to sell.

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Crisp hit hard by home defaults | News | – In April, 770 of the county’s homeowners entered some stage of the foreclosure process –from default notices to bank repossessions — according to RealtyTrac, an Irvine-based company that.

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WASHINGTON — Foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said.

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