Foreclosures in 2011 to break last year’s record: RealtyTrac

Lenders repossessed 1,050,500 homes last year, according to the 2010 end-of-year foreclosure report from RealtyTrac. The annual figure marks a record-high number of new bank-owned properties.

Foreclosures plunge 27% – biggest drop on record. The number of foreclosure notices filed in February dropped 14% compared with a month earlier and 27% compared with a year earlier, according to RealtyTrac.

That was before the bottom fell out of the housing market in California, Nevada and Florida as borrowers with bad credit began defaulting in record. foreclosure rate outside California, Florida,

 · Properties receiving notices of default, auction or repossession rose 2% from a year earlier to a record 2.87 million in 2010, the Irvine, California-based data seller said yesterday (Thursday).

1.5 million homes in foreclosure in ’09 Homeowners fell behind on mortgage payments in record numbers during the first six months of 2009. The future doesn’t look much better.

 · What happens when banks walk away from homes? Will 2011 break 2010’s record year for foreclosures? We’ll answer these questions and get an update on mortgage application activity, interest rates, and some final thoughts on the week. 2010: Record-Setting Year for Foreclosures RealtyTrac released its Year-End 2010 US

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A record number of households received a foreclosure notice last year. Banks took possession of a record number of homes.. RealtyTrac: Bad 2010 to be followed by worse 2011. And he explains.

Foreclosure sales in the state totaled 10,500 last year, or 28 percent of all home sales, according to RealtyTrac Inc. Federal agencies and state attorneys general are investigating the.

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Year-end: A total of 1,887,777 properties received foreclosure notices during the year, down 34 percent from last year. 1.45 percent of all households were in some stage of foreclosure during 2011, compared to 2.23 percent in 2010. .

Acorn spokesperson defends breaking into Foreclosed homes. Lenders filed a record 3.8 million foreclosures in 2010, up 2% from 2009 and an increase of 23% from 2008, according to RealtyTrac. But 2011 could be even worse.

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RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Irvine, California.It publishes a monthly U.S. Foreclosure Market Report. In November 2011 Renovo Capital LLC, a private equity firm, bought a majority stake in the company and formed a new company, Renwood RealtyTrac LLC.