Tag Archives: Foreclosures

RealtyTrac Foreclosure Report Shows 28% Decrease From May 2012

Foreclosure actions increased by 2.0 percent in May from April’s 75 month low point for foreclosure activity according to RealtyTrac’s U.S. Foreclosure Market Report released June 11. However, the good news is that May 2013 foreclosure filings were still 28 percent below May 2012 filings. RealtyTrac reports that approximately one in 885 homes were in […]

Posted in General Information | Also tagged , , , | Leave a comment

Foreclosures Fall To 5-Year Low

Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month — the fewest number since July 2007. Rapidly-declining foreclosure figures are another signal that the U.S. housing […]

Posted in General Information | Also tagged , , , , , | Leave a comment

Idaho is NOT a top foreclosure state

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. The generic term “foreclosure filing” is used to […]

Posted in Existing Home Sales, General Information | Also tagged , , , , | Leave a comment

Home prices close to bottoming, to rise in 2013

WASHINGTON (Reuters) – The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists. The median forecast of 24 economists polled by Reuters was for the […]

Posted in Existing Home Sales, General Information | Also tagged , , , , , | Leave a comment

Foreclosure Volume Slated To Rise This Spring

After a series of months during which foreclosure volume was low, total filings have started to rise again, says RealtyTrac. In February, 21 states posted a year-over-year increase in monthly foreclosure filings, according to the national foreclosure-tracking firm. This is nearly twice as many states as compared to December 2011, marking the highest monthly reading […]

Posted in Existing Home Sales | Also tagged , , , | Leave a comment

Tax relief on mortgage debt forgiveness ends in 2013

The tax-relief law allows homeowners to exclude from income certain debts forgiven by their lenders. The tax break expires Dec. 31, 2012, but keep in mind that a short sale or foreclosure can take many months. The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing […]

Posted in Existing Home Sales, FAQs | Also tagged , , , | Leave a comment

Revamped HARP : Unlimited Loan-to-Value And Same Great Rates

The government’s new, revamped HARP program is 6 weeks from release. Homeowners in Idaho and nationwide are gearing up to refinance. HARP is an acronym. It stands for Home Affordable Refinance Program. HARP is the government’s loan product for “underwater homeowners”. HARP makes current mortgage rates available to households which would otherwise be unable to […]

Posted in Mortgage Interest Rates | Also tagged , | Leave a comment

What Happens When You Walk Away From Your Home?

It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust. Wanting to downsize their lives as they headed toward retirement, they bought a new house in Mesa, Arizona, before they sold the old one, also […]

Posted in Uncategorized | Also tagged , | Leave a comment

Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity

Foreclosed homes are a hot market throughout Idaho — and supplies are ramping up. According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. A “foreclosure filing” is any one of the following foreclosure-related events : A default notice on a home; a scheduled auction for a home; or, a […]

Posted in Existing Home Sales | Also tagged , | Leave a comment

Foreclosures Sink To 4-Year Low

Foreclosure activity continues to slow. According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve. “Foreclosure filing” is a catch-all term encompassing default notices, scheduled auctions, and bank repossessions. Filings fell to a 44-month […]

Posted in Uncategorized | Also tagged , | Leave a comment