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Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac

Research firm RealtyTrac says that foreclosures dropped in May to 322,920, down 3% from April and 1% from a year ago. But, the numbers, while down, remained above 300,000 for the 15th month.

Despite the fact that foreclosure filings fell 1% in April compared to March, bank repossessions increased 4%, due mainly to mortgage servicers’ ongoing efforts to clear out a backlog of pending.

The foreclosure rate in the US is not getting any worse, but unfortunately, it is not getting any better. According to RealtyTrac, May foreclosures were 322,920. That number was a 3% drop from.

Foreclosure activity dropped 3 percent from April to May, according to new data from RealtyTrac. It’s the second month in a row the company has recorded a decline. In May, a total of 322,920.

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LOS ANGELES (AP) – Lenders repossessed. those states will see a surge in foreclosed homes later this year. Banks took back 30,226 homes last month, a drop of 4 percent from December, foreclosure.

Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac Hajek 0 Comments Contents 2008 ots/occ mortgage Executive compensation provisions Corporate earnings reports. 4.2%) occ: mortgage performance improves in third quarter We write to express our strong concern about the misleading implications of

June provided the latest evidence of this trend, as the number of U.S. homes entering the foreclosure. lenders reached a $25 billion settlement in February with state officials. And that’s cleared.

Some 77,733 properties received an initial default notice last month, up 10 percent from September, foreclosure listing firm RealtyTrac. to tackle a swelling backlog of homes with mortgages that.

June 2013 Lee County Florida Foreclosure Trends Report Realtytrac’s Year-End 2012 U.S. Foreclosure Market Report shows the 2012 foreclosure filings – default notices, scheduled auctions and bank repossessions – were down 3 percent from 2011, and down 36 percent from the peak of 2.9 million properties with foreclosure filings in 2010.

Lenders. year, RealtyTrac said. All told, foreclosure activity, defined as the number of homes that received at least one foreclosure-related filing, declined 3 percent last year. That translates.

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