National foreclosure activity fell to the lowest level since Q2 2007, but pockets of America continued to struggle with foreclosures. We drew on RealtyTrac’s report to highlight the 14 metros with the highest foreclosure rate. note: The metros are ranked by foreclosure rate i.e. 1 in every X homes received a foreclosure filing.
RealtyTrac, a private company that tracks county recording. three of the top five metro areas with the highest foreclosure rates in. While data suggest that foreclosure activity is slowing in California, The HAFA program took effect on. trended back up and overall house prices are down only about 15.
All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions-warnings that can lead up to a home eventually being lost to foreclosure.
The recent surge of South Florida foreclosure filings is beginning to slow down, according to data from RealtyTrac. While the number of tri-county properties.
More than 28% of US homeowners underwater on their mortgage 28% of mortgages underwater in Georgia. or "upside down," means that borrowers owe more on their mortgage than their homes are worth.. properties in the United States with mortgages.
"If something doesn’t pick up soon, I don’t know if it will. That was up from. "Investors have picked much of the low-hanging fruit when it comes to home flipping over the past three years since home prices bottomed out in the first quarter of 2012," said. Housing Wire: RealtyTrac: Foreclosure Activity Picked Up in 120 Metros.
Foreclosure activity nationwide was down 19 percent from January 2011, as banks slowed takeovers of homes with defaulted mortgages while settling a national robosigning probe. But RealtyTrac said foreclosures were expected to pick up now that the deal over robosigning and other mortgage servicing problems had been finalized.
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Out of the top 12 metro locations for foreclosures, nine were in California for the first quarter. Modesto and Stockton led that state, with one in every 46 and one in every 47 properties under foreclosure, respectively. RealtyTrac reported California accounted for 25% of the entire U.S. foreclosure activity in the first quarter.
Justin Sullivan/Getty Images Foreclosure activity across the. But foreclosures could pick up in coming months.. We drew on RealtyTrac’s report to highlight the 20 metros with the highest.
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