Foreclosure more than doubled in first quarter

April 29, 2008
Foreclosure more than doubled in first quarter

LOS ANGELES (AP) -- The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier, as weakening property values and tighter lending left many homeowners powerless to prevent homes from being auctioned to the highest bidder, a research firm said Monday.

Among the hardest hit states were Nevada, Florida and, in particular, California, where Stockton led the nation with a foreclosure rate that was 6.6 times the national average, Irvine, Calif.-based RealtyTrac Inc. said.

Foreclosures up 75% in 2007

January 29, 2008
Foreclosures up 75% in 2007

NEW YORK (CNNMoney.com) -- The number of foreclosures soared in 2007, with 405,000 households losing their home, according to a report released Tuesday.

Total foreclosure filings soared 97% in December alone compared with December of 2006, according to RealtyTrac, an online seller of foreclosure properties. For the year, total filings - which include default notices, auction sale notices and bank repossessions - grew 75%.

Nevada had top foreclosure rate in 2007

January 29, 2008
Nevada had top foreclosure rate in 2007

LOS ANGELES (AP) -- The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many homeowners started to fall behind on mortgage payments in the last three months, setting the stage for more foreclosures this year.

About 1.3 million homes received foreclosure-related warnings last year, up from 717,522 in 2006, Irvine-based RealtyTrac Inc. said. Foreclosure filings rose 75 percent from the previous year to 2.2 million.

US foreclosure filings up 94 pct in Oct.

November 29, 2007
US foreclosure filings up 94 pct in Oct.

U.S. foreclosure filings nearly doubled in October from the same month last year, the latest sign many homeowners are falling behind on mortgage payments and increasingly losing their homes, according to a mortgage research company.

A total of 224,451 foreclosure filings were reported in October, up 94 percent from 115,568 in the same month a year ago, Irvine-based RealtyTrac Inc. said Thursday.

Foreclosures Jump Sharply in July, Up 9 Percent From June

August 21, 2007
Foreclosures Jump Sharply in July, Up 9 Percent From June

LOS ANGELES (AP) -- The number of foreclosure filings reported in the U.S. last month jumped 93 percent from July of 2006 and rose 9 percent from June, the latest sign that homeowners are having trouble making payments and finding buyers during the national housing downturn.

There were 179,599 foreclosure filings reported during July, up from 92,845 during the same period a year ago, Irvine-based RealtyTrac Inc. said Tuesday. There were 164,644 foreclosure filings reported in June.

Foreclosures Continue to Skyrocket

July 30, 2007

Foreclosures Continue to Skyrocket

The number of people struggling to pay their mortgages has skyrocketed in the first half of 2007, according to new data released today by RealtyTrac.

During that time period there were 925,986 foreclosure filings -- default notices, auction sale notices and bank repossessions -- on 573,397 properties nationwide, up more than 30 percent from the previous six-month period and up more than 55 percent from the first six months of 2006.

U.S. foreclosure filings rise 47 percent in March

April 18, 2007
U.S. foreclosure filings rise 47 percent in March

Banks began foreclosure proceedings against 47 percent more U.S. homeowners last month compared with a year ago as falling housing prices made it more difficult for borrowers to refinance mortgages.

More than 149,000 filings were posted in March, the highest number since RealtyTrac Inc. began collecting data in January 2005, the Irvine, Calif.-based research company said Wednesday in a statement. California filings rose to 31,434, more than triple the number a year ago. Nevada and Colorado had the largest percentage gains.

Foreclosure Activity Seen Rising 33 Pct

March 26, 2007
Foreclosure Activity Seen Rising 33 Pct

SAN FRANCISCO (Reuters) - Foreclosure activity across the United States will rise by 33 percent this year as lenders tighten standards amid a jump in defaults on subprime mortgages, according to a RealtyTrac Inc. report released on Monday.

"Based on our numbers for the first two months of 2007, foreclosure activity is running at a rate that would project to a 33 percent increase over 2006," RealtyTrac Chief Executive James Saccacio said, adding that "we're going to continue to see a spike in the number of homeowners facing foreclosure."

Colorado, Florida, Georgia, Michigan, Tennessee, Ohio, Texas, Arizona and Indiana followed Nevada on the list of states with 10 highest foreclosure rates in February.