Nevada, Arizona, Georgia and California post top state foreclosure rates in first half of 2012.
The number of U.S. homes receiving foreclosure notices topped one million through the first six months of 2012, according to RealtyTrac. California registered the nation’s fourth highest state foreclosure rate the first six months of 2012, with 1.56 percent of housing units with a foreclosure filing. Continue reading
According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. Continue reading
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. As a mortgage lender in Sacramento, and living in a state that has been hit hard by massive equity losses, this news is promising.
In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior. Not since November 2007 has foreclosure activity been this sparse across the country.
The drop does not appear to be seasonal, either. Continue reading