RealtyTrac: Foreclosure activity picked up in 120 metros

RealtyTrac: Foreclosure activity picked up in 120 metros

The cure to zombie foreclosures 5 Housing Markets Overrun By zombie foreclosures abandoned foreclosures are still an issue in several metropolitan areas as banks and local governments decide whether to cure their ills or kill.

Thousands of foreclosures in metro Atlanta are creating plenty of opportunities for buyers seeking investment properties or homes for themselves. But visions of purchasing a place for a song need to be balanced with a realistic view of what it actually takes to buy a.

Fremont’s Subprime Platform Collapses; FDIC Steps In Troubled bank and mortgage lender Fremont General said on Friday that Federal regulators had stepped in and given it 60 days to raise additional capital, or face a forced sale. The Federal Deposit.RealtyTrac: Foreclosure filings near 5-year low foreclosure listing firm RealtyTrac Inc. said Thursday. That marks the third consecutive monthly increase this year and reflects stepped-up efforts by banks to take action against homeowners who fail.

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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According to the company, RealtyTrac. Michigan. Foreclosure filings were reported on a total of 57,158 properties in California in January, the most of any state. The state’s foreclosure activity.

Additionally, the 15% increase in national foreclosure activity, as reported by RealtyTrac (realtytrac.com), could be a wildcard for home prices. It remains to be seen if the 26% increase in foreclosure activity in the D.C. metropolitan area from the previous year is a trend, or just a.

States with the five highest foreclosure rates in October included Florida, Nevada, Maryland, Ohio, and Illinois, according to RealtyTrac’s report. Among the nation’s 20 largest metro areas, the highest foreclosure rates were in Miami, Tampa, Chicago, Baltimore, and Riverside-San Bernardino, California.

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.

Florida foreclosure activity in the first quarter increased 7 percent from the previous quarter and was up 17 percent from the first quarter of 2012. Nevada foreclosure activity increased 13 percent in the first quarter compared to the previous quarter, helping the state post the nation’s second highest foreclosure rate.

Mortgage applications down 2.3% led by drop in purchases MBA’s Weekly Applications Survey offers a comprehensive analysis of mortgage application activity. Since the survey’s inception in 1990, its indexes have been a leading indicator of housing and mortgage finance activity.

Job losses began to moderate in the fourth quarter of last year, but 2010 growth will be depressed by foreclosures, which rose sharply last year. RealtyTrac. permit activity fell 23% last year, the.

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.

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