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Foreclosures Fall to Lowest Level Since 2007

By Les Christie, CNN Money January 12, 2012 Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million, according to RealtyTrac, the online marketer of foreclosed properties. One in every 69 homes had at least one foreclosure filing during the year, while 804,000 homes were repossessed. That's a significant improvement from the peaks reached in 2010 -- when 1.05 million homes were repossessed -- and the lowest levels seen since 2007. Read Complete Article

Current Press Coverage

How to Beat the Competition and Buy a Foreclosure By Paul Owers, Sun SentineL February 5, 2012 Any good agent can direct clients to bank-owned homes. Buyers who want to do their own research beforehand can visit websites such as RealtyTrac.com, which gives consumers a free, seven-day trial. After that, there's a $49.95 monthly fee to search fo Foreclosures Back to 2007 Levels By Inman News January 12, 2012 A total of 1.89 million homes were subjected to some type of foreclosure-related filing in 2011, including default notices, scheduled auctions and bank repossessions, according to public records compiled by RealtyTrac. Foreclosures Expected to Rise, Pushing Home Prices Lower By E. Scott Reckard, Los Angeles Times January 12, 2012 A report from RealtyTrac, an Irvine data firm, said about 1.9 million U.S. homes were hit with default notices, foreclosures and other actions last year. That is down from 2.9 million in 2010. Seriously delinquent loans are defined as being four mont Home Seizures May Jump 25 % This Year as U.S. Foreclosures Resume By Dan Levy, Bloomberg Businessweek January 12, 2012 Banks may seize more than 1 million U.S. homes this year after legal scrutiny of their foreclosure practices slowed actions against delinquent property owners in 2011, RealtyTrac Inc. said. Moratorium Leads to Dip in Foreclosure Filings By John Gittelsohn, Bloomberg News December 16, 2011 U.S. foreclosure filings fell last month as delinquent homeowners got a holiday break, RealtyTrac reported. Foreclosures Fall, But Number of Auctions Climb By By Mary Ellen Podmolik, Chicago Tribune Staff Writer December 15, 2011 The number of homes involved in the foreclosure process dropped nationally and in most, but not all, Chicago-area counties in November. Some areas saw more properties headed to court-ordered auctions last month. New Foreclosure Wave is Coming By Diana Olick, CNBC Real Estate Reporter December 15, 2011 Despite a seasonal slowdown in overall foreclosure activity, and a process still bogged down and backed up by the "robo-signing" processing scandal, the U.S real estate market is about to be hit by another surge of bank repossessions, according to a Nov. Foreclosure Filings Up Nearly 4 Pct. in Ariz. By Bob Christe, Business Week December 15, 2011 Arizona's foreclosure activity in November increased from the same month a year ago for the first time in more than a year as lenders stepped up their efforts to deal with delinquent borrowers, foreclosure tracking firm RealtyTrac said in a report be RealtyTrac: November Foreclosure Activity Hints At Rising Tide By Inman News December 15, 2011 After rising in October, foreclosure activity fell slightly on a monthly basis in November, though signs point to a coming increase in early 2012, according to RealtyTrac. Foreclosure Filings Down 3%, RealtyTrac Reports By Carrie Bay, DS News December 14, 2011 Scheduled auctions hit a nine-month high following the default surge that began in August. At the same time, RealtyTrac says REO activity is at a 44-month low. Total foreclosure filings – reported on 224,394 U.S. properties in November – a