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Florida Tops for Foreclosures; Sarasota Ranked 16th By Josh Salman, Herald-Tribune June 20, 2013 Florida has more empty properties in foreclosure than any other state, and the Sarasota-Bradenton area ranks among the 20 largest markets nationwide with vacant bank-owned properties, a new report shows. Banks Sit on Vacant, Repossessed 'Must-Sell' Homes By Kate Berry, American Banker June 20, 2013 Banks are sitting on hundreds of thousands of vacant homes that are in foreclosure and repossessed properties at a time when housing inventory is at a low point, RealtyTrac said. Agents Target Unlisted Foreclosures with More Success By Teke Wiggin, Inman News June 20, 2013 More than 8 in 10 real estate owned (REO) properties — 500,000-plus homes that could ease today’s sharp inventory shortage — are unlisted, according to RealtyTrac. The Foreclosure Problem Just Got Worse In Nevada And Florida By Mamta Badkar, Business Insider June 13, 2013 Declining foreclosure inventory has been one of the driving forces behind the rise in U.S. home prices which began in 2012. Overall Foreclosure Activity Up in Nevada By Steve Kanigher, KLAS-TV June 13, 2013 Nevada in May witnessed an increase in foreclosure activity on a year-over-year basis after 27 consecutive months of annual decreases, driven mostly by a sharp hike in new notices of default, RealtyTrac.com reported Wednesday night. Banks Repossessing More Homes as Home Prices Rise By Julie Schmit, USA TODAY June 13, 2013 Banks repossessed 11% more homes in May than in April, potentially a sign that they, too, want to unload homes in a strong market. Foreclosures Jump as Banks Bet on Rising U.S. Home Prices By Dan Levy & Heather Perlberg, Bloomberg June 13, 2013 Home repossessions in the U.S. jumped 11 percent in May after declining for the previous five months as rising prices and limited inventory for sale across the country spurred banks to complete foreclosures. Will Foreclosures Slow Home Price Gains? By The Associated Press June 13, 2013 Completed foreclosures jumped 11% nationally in May from April, with monthly increases taking place in 33 states, foreclosure listing firm RealtyTrac said Thursday. 5 Best Cities for Flipping Homes Right Now By Jerry Kronenberg, TheStreet.com June 11, 2013 The rebounding U.S. real estate market is leading to a renaissance in "home flipping" -- the investment strategy in which you buy distressed houses, make minor upgrades and resell the properties a few months later for quick gains. James K. Moyle By Vivian Marino June 11, 2013 Mr. Moyle, 35, is the chief executive of RealtyTrac, an online marketplace for foreclosed residential properties and real estate data, based in Irvine, Calif. Print Email

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