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

June 2013 Lee County Florida Foreclosure Trends Report Winter storms may also have delayed the processing of foreclosure notices in the nation’s northeast and mid-Atlantic, RealtyTrac said. there is a growing backlog of distressed borrowers awaiting.

It imposes an extra 3.8 percent tax on investment income earned. which have risen 10 percent or more in some markets. The foreclosure outlook may also be improving. According to a report by Lender.

That included a 3% decline in the South and a 2.6% drop in the. October 2010, as lenders began working through a backlog of seized properties, RealtyTrac Inc. said this month. “February’s numbers.

[Admittedly, simply adjusting for inflation may not be. on subprime loans (those given to borrowers with weak credit histories) rose to 15% from 13.37% in 2006. RealtyTrac: In August, foreclosures.

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 · Foreclosures Drop to Nine-Year Low: RealtyTrac. The trend is the result of a 10-year low in foreclosure starts, RealtyTrac said.. we are finally getting through the backlog of distressed.

 · US homes lost to foreclosure up 25 pct on year. to clear out their backlog of bad loans with an eye on eventually placing the foreclosed properties on.

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 · Lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from July 2009, foreclosure listing firm RealtyTrac Inc. said today.

According to a recent report by Corelogic “House prices are up 6.3% year-over. news is that overall foreclosure activity continues to fall and a decline in new foreclosures are leading the drop..

Florida homeowners get huge chunk of BofA settlement "We believe that Bank of America gamed the system, perpetrating a fraud on both its customers and American taxpayers,"said Steve Berman, managing partner of Hagens Berman and one of the attorneys who filed the lawsuit. "BofA promised that it would work with homeowners to modify their mortgages under the HAMP program.

The questionable cases are part of a backlog of more than 1.2 million loans that are in the process of foreclosure in the United States, according to RealtyTrac, a housing data firm based in Irvine, Calif. In addition, another 900,000 properties taken back by banks remain on lenders’ books, while five million more loans are seriously delinquent.