Sep 15th 2011 8:30AM
LOS ANGELES -- Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures. The number of U.S. homes that received an initial default notice -- the first step in the foreclosure process -- jumped 33 percent in August from... Continue Reading »
Aug 26th 2011 4:55PM
The share of bank-owned homes and homes in some stage of foreclosure dropped 5 percent from the first quarter to the second quarter of 2011, falling from 36 percent to 31 percent, but was up from 24 percent in second-quarter 2010, according to a report released today by foreclosure data provider RealtyTrac. And distressed... Continue Reading »
Aug 11th 2011 10:30AM
LOS ANGELES -- Fewer U.S. homes entered the foreclosure process or were seized by lenders in July, the latest sign that banks are taking a measured approach to moving against homeowners who have fallen behind on mortgage payments. Some 59,516 homes received an initial default notice last month, down 7 percent from June... Continue Reading »
May 13th 2011 12:30PM
Foreclosure activity has fallen to a 40-month low, but not because of any recovery in the housing market, a new report finds. Rather, the slowdown comes from massive delays in processing foreclosure paperwork. In April, overall foreclosure filings - including default notices, scheduled auctions and bank repossessions -... Continue Reading »
Apr 14th 2011 4:35PM
The vast numbers of foreclosures that have flooded the market since the recession took hold have finally started to subside – but a full-blown recovery may still be far in the distant future. Foreclosure filings in the first quarter have dropped below early 2008 levels, according to a report released Thursday by... Continue Reading »
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