Jan 12th 2012 12:10AM
After a year marred by red tape and mortgage lender malfeasance, foreclosure activity in 2011 fell to the lowest annual rate since the housing crisis began more than four years ago, according to data released Thursday. Foreclosure filings -- which include default notices, scheduled auctions and bank repossessions -- were... Continue Reading »
Nov 11th 2011 1:00PM
Foreclosures have increased 14% between the second and third quarter of 2011, following five straight quarters where the number of foreclosures has gone down. This increase could dampen the recovery of the American housing market and harm economic recovery for cities where foreclosures rose significantly. Based on data... Continue Reading »
Sep 15th 2011 4:00PM
What does it mean that Bank of America and other lenders have restarted their foreclosure engines with a vengeance? Was the 7 percent spike in month-over-month foreclosure filings a retaliatory strike to show the government that the banks mean business and aren't to be messed with? Did lenders use the hapless public to... Continue Reading »
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 »
