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

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U.S. Foreclosure Activity Drops to 5-Year Low in September According to RealtyTrac(R) U.S. Foreclosure Market Report. a decrease of 7 percent from the previous month and down 16 percent from.

Foreclosures up for third straight month . By John Hielscher. vice president at RealtyTrac. "Lenders and courts are pushing through stubborn foreclosure cases that have been languishing in.

How Do I Find Foreclosed Properties? [#AskBP 044] Foreclosures Are Down? RealtyTrac VP, Daren Blomquist. – Daren Blomquist, a Vice President at RealtyTrac, has proclaimed that we have “past the worst of the foreclosure crisis.’ He points to what he claims to be a five-year low, along with year-over-year decreases in foreclosures for the twenty-fourth consecutive month as the evidence. The only thing any of this is evidence of is that Mr. Blomquist is thick in the head.

Nearly one-third of all U.S. home sales in the first quarter involved properties that were in some stage of mortgage distress, according to RealtyTrac. foreclosures set a record for the second.

LOS ANGELES – More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone unpaid even as they pulled back on home repossessions. The number of homes.

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Despite the increase, filings were down 4 percent from May 2011 marking the 20 th straight. Lenders completed the foreclosure process on 54,844 U.S. properties during the month. This was still a.

While Miami-Dade County foreclosure filings fell by 2.6 percent in July compared to the same period in 2011, initial filings surged last month, according to foreclosure analytics firm RealtyTrac.

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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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NEW YORK – The number of homeowners on the brink of losing their homes dipped in October, the third straight. have helped stem foreclosure activity, said Rick Sharga, senior vice president at.

US RealtyTrac: Lenders Have Caught Up With foreclosure backlog–foreclosure activity +2.4% In July, -32% y/y.. Illinois foreclosure activity has now decreased on a year-over-year basis for eight consecutive months following 11 straight months of annual increases, and Ohio has seen three.