Foreclosure Trends

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Vacant “Zombie” Foreclosures Decrease 30 Percent in Second Quarter 2016 Compared to a Year Ago

┬áTop States for Zombie Foreclosures are New Jersey, New York, Florida, Illinois, Ohio; 1.4 Million Overall Vacant U.S. Residential Properties Up 2.7 Percent From Previous Quarter Investment Properties Account for 75 Percent of all Vacant Properties Nationwide IRVINE, Calif. –… Read More »

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Less Than 1 Percent of Seriously Underwater U.S. Properties Qualify for Principal Reduction Under New FHFA Program

Number of Seriously Underwater Homeowners Drops 638,000 From a Year Ago in Q1 2016; Number of Equity Rich Homeowners Increases Nearly 1.3 Million From a Year Ago IRVINE, Calif. — May 5 , 2016 — RealtyTrac® (www.realtytrac.com), the nation’s leading… Read More »

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A Mall Foreclosure in Frackville

Are shopping malls a relic of the past? In the heart of Pennsylvania’s coal country, the Schuylkill Mall, located in Frackville, Pennsylvania, is in foreclosure. The owner of the mall has defaulted on a $27.4 million loan. The property is… Read More »

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Las Vegas-Area Shopping Mall Owner Defaults on $15.5 Million Loan

U.S. Bank National Association filed a notice of default against Galleria Pavilion LLC on March 22, 2016, claiming that a $15.5 million loan made in 2006 was in arrears, according to RealtyTrac data. The loan is secured by a 35,878-square… Read More »

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Q1 2016 Foreclosure Activity Below Pre-Recession Levels in 36 Percent of U.S. Housing Markets

Nationwide Foreclosure Activity Drops to Lowest Level in More Than Nine Years; March Foreclosure Starts Jump 21 Percent From February, Still Down From Year Ago IRVINE, Calif. – April 14, 2016 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive… Read More »

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Trickle-Down Distress: How Mom-and-Pop Investors are Tackling a Long Tail of Bubble-Era Loans

The following is an extended excerpt from the February 2016 edition of RealtyTrac’s Housing News Report, named best newsletter in 2015 by the National Association of Real Estate Editors. For full access to the newsletter, subscribe here. Robert Woods learned… Read More »

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U.S. Residential Property Vacancy Rate Drops 9.3 Percent Between Q3 2015 and Q1 2016

San Jose Tops List of Five Metros with Lowest Vacancy Rates; Flint, Michigan, Tops List of Five Metros with Highest Vacancy Rates IRVINE, Calif. – Feb. 11, 2016 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today… Read More »

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Nearly 1.1 Million U.S. Properties with Foreclosure Filings in 2015, Down 3 Percent From 2014 to Nine-Year Low

But Foreclosure Activity Up in Boston, St. Louis, Dallas, Detroit, New York, Houston; 2015 Bank Repossessions Increase Following Four Consecutive Years of Decreases; Foreclosure Process Takes More Than 1,000 Days on Average in Six States IRVINE, Calif. – Jan. 14,… Read More »

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U.S. Foreclosure Starts at Lowest Level in More Than 10 Years According to RealtyTrac November Foreclosure Report

Scheduled Foreclosure Auctions Reach Lowest Level since December 2005; Bank Repossessions Up 60 Percent from a Year Ago; Top Five State Foreclosure Rates in Maryland, New Jersey, Florida, Nevada, Illinois IRVINE, Calif. – Dec. 10, 2015 — RealtyTrac® (www.realtytrac.com), the… Read More »

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U.S. Foreclosure Starts Increase 12 Percent in October

Biggest Monthly Percent Increase in Foreclosure Starts since August 2011; Foreclosure Starts Still Down 14 Percent from a Year Ago; Top Five State Foreclosure Rates in Maryland, New Jersey, Florida, Nevada, Illinois IRVINE, Calif. – Nov. 12, 2015 — RealtyTrac®… Read More »

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