Items Tagged with 'James J. Saccacio'

ARTICLES

  • 4 States Feel Highest Foreclosure Rates

    Cities in California, Florida, Nevada and Arizona accounted for the 26 highest foreclosure-filing rates in first-quarter 2009, according to RealtyTrac data tracking metro areas with a population of at least 200,000. However, experts warn that foreclosures going forward may not remain as concentrated.
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  • Foreclosure Surge in Feb. is "Surprising," RealtyTrac Says

    Foreclosures nationwide surged 6 percent from January levels, and were up 30 percent from year-ago, according to data released Thursday morning by RealtyTrac, which provides nationwide listings of properties in foreclosure and owned by banks. The company's data showed that foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 290,631 U.S. properties during the month, compared to 274,399 one month earlier.
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  • Foreclosure Activity Falls; Calm Before Another Storm?

    We'd like to say there's visible light at the end of the tumultuous foreclosure tunnel -- just don't know if that's the case. While RealtyTrac reported Thursday that foreclosure filings dropped 7 percent from October to November, with 259,085 U.S. properties receiving a filing -- one in every 488 housing units -- filings are still up 28 percent from November of last year.
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  • Foreclosures Stalled by Local Legislation in September

    Foreclosure filings rose 71 percent during the third quarter, although changes in many state laws regarding the foreclosure process served to temporarily decrease foreclosure activity during September. Default notices, auction sale notices and bank repossessions were reported on 265,968 properties in Sept., a 12 percent decrease from the previous month -- but still a 21 percent increase from year-ago totals -- according to data released Thursday by RealtyTrac, a foreclosure listing resource.
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  • REO Inventory Mushrooms to 750,000 Properties

    Foreclosures continue to rise, yes -- more on that in just a second -- but perhaps the most stunning number released by RealtyTrac in its monthly foreclosure report on Thursday is the fact that the company's database topped more than three-quarters of a million bank-owned properties during July.
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  • Foreclosures Surge 53 Percent in June

    The nation's housing mess hasn't yet reached an inflection point in the downturn, with real estate data firm RealtyTrac Inc. reporting Thursday morning that foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 252,363 U.S. properties during June. The monthly total is a 3 percent decrease from the previous month, but up 53 percent from one year ago.
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  • Foreclosures Up 48 Percent From Year Ago: RealtyTrac

    Foreclosure filings continued their surge in May, jumping 48 percent from levels recorded one year earlier as the number of distressed borrowers continues to mushroom in key housing markets across the nation. RealtyTrac Inc. reported Friday morning that 261,255 properties were subject some sort of foreclosure activity -- default notices, auction sale notices and bank repossessions -- during the month, up 7 percent from April.
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  • No Respite, Yet: US Foreclosures Rise 65 Percent in April

    Foreclosure filings -- default notices, auction sale notices and bank repossessions -- were reported on 243,353 properties in April, a 4 percent increase from March's total and a nearly 65 percent increase from one year earlier. The data, reported Wednesday by foreclosure marketplace and data firm RealtyTrac, shows that the housing market has yet to cycle through a preponderance of bad mortgages.
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  • Foreclosures Jump 57 Percent in March; Are Borrowers Walking Away?

    Hopes for a rebound in U.S. housing during March may have been premature, given new data released Tuesday morning which found that foreclosure filings -- including default notices, auction sale notices and bank repossessions -- were recorded on 234,685 properties nationwide during March. The total for the month was a five percent rise from February levels, and a 57 percent jump compared to one year earlier, according to RealtyTrac's U.S. Foreclosure Market Report.
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