RealtyTrac: Foreclosure activity rising in 2013

RealtyTrac: Foreclosure activity rising in 2013

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Over the last year, sales for distressed properties showed steep declines amid a backdrop of slower foreclosure activity and rising prices, according ""RealtyTrac’s foreclosure and short sale.

According to RealtyTrac, foreclosures on ultra-high-end homes – those with a value over $5 million – are up 61% over last year, defying the trend in the overall market that has seen foreclosure.

U.S. foreclosure activity. inventory in 2013, even seven years after the bubble burst. Nearly three-fourths of loans in foreclosure (74 percent to be exact) as of May were originated between 2004.

“It may surprise some to see distressed sales rising in 2013 given that new foreclosure activity dropped to a seven-year low for the year,” said Daren Blomquist, VP at RealtyTrac. However, Blomquist.

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RealtyTrac. are rising, or whether many Americans with mortgage troubles finally have reached a point at which they can no longer fight for ownership of their homes, in courts or otherwise. its U.S.

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Foreclosure filings-which include default notices, scheduled auctions, and bank repossessions-increased 2 percent in May, rising from a 75-month low in April, according to the latest foreclosure report from RealtyTrac. Still, foreclosure filings are down 28 percent from a year ago.

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One in every 304 Florida residences had some sort of foreclosure filing in November, more than twice the national average, RealtyTrac said. The rising foreclosure activity in Florida comes as foreclosure activity nationwide fell 3 percent in November from October and plunged 19 percent from November 2011, the firm said.

Overall foreclosure activity. RealtyTrac. “It’s not all happening at once. It’s hitting different markets at different times.” The foreclosure landscape has improved overall in the last year as the.

 · Polk’s total foreclosure activity in July (default notices, scheduled auctions and repossessions) was flat from June, but increased 34.4 percent from the year prior, according to RealtyTrac.

"It may surprise some to see distressed sales rising in 2013 given that new foreclosure activity dropped to a seven-year low for the year," said Daren Blomquist, vice president of RealtyTrac. "And.

U.S. Real Estate Trends uses RealtyTrac to learn more about local foreclosure trends at RealtyTrac. Includes local state and local foreclosure market information and statistics.

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