New York foreclosure courts face seven-year backlog: RealtyTrac

contents building permits fall share reporting tightening Net share reporting easing highest foreclosure rate September stewart information Home price indices U.S. housing starts, building permits fall in January. Part of the decline in starts could be attributed to the snowstorms, which blanketed the Northeast last month.

Foreclosure data provider RealtyTrac has issued its Year-End 2012 U.S. Foreclosure Market Report, showing foreclosure activity at its lowest level since April 2007 in December. However, the foreclosure picture varies greatly from state to state, as exactly half of all states– mostly those that require judicial foreclosure processes– had more foreclosure activity in 2012 than 2011.

New York foreclosure courts face seven-year backlog: RealtyTrac Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac Jon Prior was a reporter with HousingWire through late 2012.

But March foreclosure data suggest foreclosure activity may be starting to creep higher, as lenders make progress tackling a backlog of pending foreclosure cases.. delaying the processing of new.

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Lenders are selling pools of soured mortgages as they face new regulations that make bad. buyers have a large share of mortgages in areas such as New York and New Jersey where courts oversee.

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 · Foreclosure activity surged last month across about half of the nation’s states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays.

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New Foreclosure Filings Fall to Seven-Year Low.. have seen a growing backlog of foreclosures as courts are overwhelmed by the sheer number of cases.. — Written by Shanthi Bharatwaj in New York.

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LOS ANGELES (AP) – The number of U.S. homes set on the path to foreclosure slid to a seven-year. New York, New Jersey, Illinois and Virginia, RealtyTrac said. Story continues Much of the quarterly.

New York foreclosure courts face seven-year backlog: RealtyTrac Home foreclosures on track for 6-year low.. foreclosure listing firm RealtyTrac says lenders repossessed just under 37,000 U.S. homes last month.

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