Bank Reposessions Top 100,000 In A Month For The First Time Ever

The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac. The term “foreclosure filing” is a catch-all word for housing, comprising default notices, scheduled auctions, and bank repossessions. September marked the 19th straight month that...

Home Defaults Dropped For The 7th Month In A Row In August

According to foreclosure-tracking firm RealtyTrac, the number of foreclosure filings climbed 4 percent in August from the month prior. A foreclosure filing is defined as default notice, scheduled auction, or bank repossession. Despite the number of filings surpassing 300,000 for the 18th straight month,...

How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.

Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. A foreclosure filing is defined as default notice, scheduled auction, or bank repossession. As with most months, just a...

Foreclosure Activity Slows Again In June 2010

313,841 foreclosure filings were made in June, according to foreclosure-tracking firm RealtyTrac. The figure represents a 3 percent drop from May and 7 percent drop from June of last year. However, foreclosure filings remain relatively high nationwide. June marks the 16th straight month the filings topped...

Washington HomePath® Approved Lender

Highlights of HomePath® No Appraisal Required No Mortgage Insurance Required All occupancy types are eligible Primary Residence, Second Home, and Investment Eligible for High Balance Loan Amounts Unique Attributes to HomePath® The sales price is used as the property value...

Bank Reposessions Reach Record Levels For The Second Straight Month

According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. As compared to May 2009, all 50 states now show an increase in annual REO activity. Data like that won’t surprise today’s...

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