U.S. foreclosure filings in August fell less than 1% from July and rose 18% from the year-earlier month, the real-estate consultants RealtyTrac reported.
Foreclosure filings -- defined as default notices, scheduled auctions and bank repossessions -- were reported on 358,471 U.S. properties during the month, the Irvine, Calif., firm said. That's 1 of every 357 U.S. housing units.
Real estate owned by banks dropped 13% in August compared with July, which had marked the monthly high for 2009. But at the same time, a record number of properties entered default or were scheduled for foreclosure auction in August, RealtyTrac Chief Executive James J. Saccacio said in a statement late on Wednesday.
Nevada maintained its status as the state with the highest foreclosure rate: 1 in every 62 units was subject to a foreclosure filing in August, RealtyTrac reported. For the month, foreclosure filings totaled 17,902 units, down 8% from July and up 53% from August 2008.
Florida was No. 2 in foreclosure rates, at 1 in every 140 units receiving a filing, and California was No. 3, at 1 in every 144 units.
In absolute numbers, California had the highest number of foreclosures, with 92,326 properties receiving a filing in August. That's down 15% from July 2009 and down 9% from August 2008.
Florida was No. 2 on this list, with 62,401 properties subject to foreclosure filings. That's up 10% from July and up nearly 42% from the year-earlier month.
Michigan jumped to No. 3 in absolute numbers, a total of 19,359 filings in August. That's more than double the figure for July 2009 and up 42% from August 2008. The results stem from a new law that requires lenders to file separate public notices of default before they schedule foreclosure auctions, RealtyTrac said.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Showing posts with label foreclosure update. Show all posts
Showing posts with label foreclosure update. Show all posts
Tuesday, September 15, 2009
U.S. Foreclosure Update
U.S. foreclosure filings in August fell less than 1% from July and rose 18% from the year-earlier month, the real-estate consultants RealtyTrac reported.
Foreclosure filings -- defined as default notices, scheduled auctions and bank repossessions -- were reported on 358,471 U.S. properties during the month, the Irvine, Calif., firm said. That's 1 of every 357 U.S. housing units.
Real estate owned by banks dropped 13% in August compared with July, which had marked the monthly high for 2009. But at the same time, a record number of properties entered default or were scheduled for foreclosure auction in August, RealtyTrac Chief Executive James J. Saccacio said in a statement late on Wednesday.
Nevada maintained its status as the state with the highest foreclosure rate: 1 in every 62 units was subject to a foreclosure filing in August, RealtyTrac reported. For the month, foreclosure filings totaled 17,902 units, down 8% from July and up 53% from August 2008.
Florida was No. 2 in foreclosure rates, at 1 in every 140 units receiving a filing, and California was No. 3, at 1 in every 144 units.
In absolute numbers, California had the highest number of foreclosures, with 92,326 properties receiving a filing in August. That's down 15% from July 2009 and down 9% from August 2008.
Florida was No. 2 on this list, with 62,401 properties subject to foreclosure filings. That's up 10% from July and up nearly 42% from the year-earlier month.
Michigan jumped to No. 3 in absolute numbers, a total of 19,359 filings in August. That's more than double the figure for July 2009 and up 42% from August 2008. The results stem from a new law that requires lenders to file separate public notices of default before they schedule foreclosure auctions, RealtyTrac said.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Foreclosure filings -- defined as default notices, scheduled auctions and bank repossessions -- were reported on 358,471 U.S. properties during the month, the Irvine, Calif., firm said. That's 1 of every 357 U.S. housing units.
Real estate owned by banks dropped 13% in August compared with July, which had marked the monthly high for 2009. But at the same time, a record number of properties entered default or were scheduled for foreclosure auction in August, RealtyTrac Chief Executive James J. Saccacio said in a statement late on Wednesday.
Nevada maintained its status as the state with the highest foreclosure rate: 1 in every 62 units was subject to a foreclosure filing in August, RealtyTrac reported. For the month, foreclosure filings totaled 17,902 units, down 8% from July and up 53% from August 2008.
Florida was No. 2 in foreclosure rates, at 1 in every 140 units receiving a filing, and California was No. 3, at 1 in every 144 units.
In absolute numbers, California had the highest number of foreclosures, with 92,326 properties receiving a filing in August. That's down 15% from July 2009 and down 9% from August 2008.
Florida was No. 2 on this list, with 62,401 properties subject to foreclosure filings. That's up 10% from July and up nearly 42% from the year-earlier month.
Michigan jumped to No. 3 in absolute numbers, a total of 19,359 filings in August. That's more than double the figure for July 2009 and up 42% from August 2008. The results stem from a new law that requires lenders to file separate public notices of default before they schedule foreclosure auctions, RealtyTrac said.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
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