Items Tagged with 'Foreclosures'

ARTICLES

Strong housing market helps reduce lingering foreclosure inventory

RealtyTrac: Lenders take advantage of seller’s market
"Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory over the past year, evidenced by 12 consecutive months of increasing bank repossessions ending in February and now evidenced by these numbers showing a sharp drop in vacant zombie foreclosures compared to a year ago," RealtyTrac senior vice president Daren Blomquist said.
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Foreclosures now lowest since housing crisis

Interactive map shows Q1 activity
Although March may have seen an increase in foreclosure activity, for the quarter the numbers were still down. In fact, quarterly foreclosure activity is now at its lowest level since 2006, but still 25% higher than pre-crisis numbers.
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Milwaukee Senate to look at bill on zombie homes

Milwaukee mayor: 'Would worsen the zombie property problem'
Despite a clear divide in support, the Milwaukee Senate will soon look at a bill that outlaws the city's right to force financial institutions to quickly sell abandoned and foreclosed homes. But is this the right solution?
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A tale of forclosure in two cities

Pro Teck: Why some areas are recovering quicker than others
Pro Teck compares Cleveland, which uses judicial foreclosures, to Phoenix, which does not, to see how each market has recovered. A serious lag in recovery can still be seen in states with judicial foreclosure laws.
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