Content Tagged As foreclosure

1 year 7 months ago

Report finds foreclosures increased in July

Foreclosures are increasing again. RealtyTrac reports there were foreclosure filings on more than 130,000 properties in July, up 2% from June. That's still 32% down from the same time one year ago. Florida had the highest state foreclosure rate, followed by Maryland and Ohio.

1 year 8 months ago

Foreclosures down across the US

The national foreclosure picture is looking better. A new report out by RealtyTrac this morning shows foreclosure filings across the nation dropped in June. They're down 14% from the previous month and down 35% from a year ago. Nearly 128,0000 properties in the U.S. had foreclosure filings in...

1 year 9 months ago

Foreclosure sales number drops

The number of foreclosure sales is dropping. It fell 18% in the first quarter of the year from the previous quarter. That comes from Realty Trac, which also reports a 10% drop in the number of "short sales" in the same time period. The states with the highest...

3 years 2 months ago

US gov't to extend and expand foreclosure program

WASHINGTON (AP) - The Obama administration is expanding its signature foreclosure-prevention program to try to help those with heavy debt loads avoid losing their homes. The Home Affordable Modification Program will also be extended through 2013. The three-year old program has strived to help those at risk of foreclosure lower...

3 years 5 months ago

US foreclosure activity edged higher in 3Q

LOS ANGELES (AP) - Foreclosure activity was up between July and September, suggesting that banks are getting more aggressive against borrowers who are behind on their payments. RealtyTrac says the number of U.S. homes that received a first-time default notice during the July to September quarter increased 14 percent compared...

4 years 5 months ago

States want foreclosure changes

WASHINGTON (AP) - Attorneys general in up to 40 states want to force mortgage companies to revamp the way they handle foreclosures, pay financial penalties for violations and expand help to homeowners on the verge of foreclosure. The attorneys general are discussing the outlines of a settlement that would...

4 years 6 months ago

Home foreclosure rate soars in Pueblo County

The home foreclosure rate in Pueblo County soared 31 percent in August 2010, compared to '09, according to figures released Tuesday by the Colorado Division of Housing. It's the largest percentage increase of any Colorado county. El Paso County saw a 3 percent decline. Overall, the state foreclosure...

4 years 6 months ago

Jump in US homes lost to foreclosure

New foreclosure data shows lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis three years ago. Foreclosure listing service RealtyTrac Inc. says 95,364 homes were repossessed by lenders last month. That's an increase of 25 percent from the same...

4 years 8 months ago

Foreclosures on record-setting pace

The number of foreclosures this year is on track to top one million. The head of a firm that follows foreclosures says that would be unprecedented -- breaking last year's level of more than 900,000. RealtyTrac Inc. says almost 528,000 homes were taken over by lenders during the first...

5 years 1 week ago

Mom of octuplets may lose home to foreclosure

Octuplets mom Nadya Suleman could be kicked out of her Southern California home. Mortgage holder Amer Haddadin says he is starting foreclosure proceedings on the $565,000 La Habra residence because the family hasn't kept up the payments. His friend and adviser, Ramsey Masso, said Friday that Haddadin signed over the...

5 years 4 weeks ago

Senate backs change in foreclosure sale law

The Senate is moving to stop what some lawmakers say is a manipulation of foreclosure sales that's depressing home values. Junior lien holders, such as homeowners associations, can try to collect money owed by foreclosed homeowners. They also have the right to buy a property after it is auctioned off...

5 years 3 months ago

Only 10,000 permanent loan modifications so far

Only about 10,000 homeowners have received permanent loan modifications under the Obama administration's mortgage relief plan, evidence of continuing woes for the government's effort to stem the foreclosure crisis. That means fewer than 2 percent of the 650,000 homeowners enrolled in the program as of October had their mortgage payments...

5 years 4 months ago

Housing plan reaches 1 in 5 borrowers

After a slow start, the Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says. More than 650,000 borrowers, or 20 percent of those eligible, have signed up for trials lasting up to five months, the Treasury Department says. The modifications reduce monthly payments...

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