AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Firm Reports Rise In Foreclosures.

Mortgage Servicing News

| March 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

IRVINE, CA -- More than 100,000 entered the foreclosure process during each of the last five months of 2006, according to RealtyTrac, an online marketplace for foreclosed property.

The firm reported that 109,692 properties nationwide entered some stage of the foreclosure process in December. While that was down 9% from November's rate, it was 35% higher than the foreclosure rate in December of 2005.

The RealtyTrac report shows a national foreclosure rate of one foreclosure for every 1,055 households. RealtyTrac claims to list over 700,000 properties from nearly 2,500 counties across the country in its database of foreclosure and pre-foreclosure properties.

James Saccacio, CEO of RealtyTrac, said in a news release that December marked the first time ...

Related articles from newspapers, magazines, journals, and more
National Foreclosure Rate Jumps 7% According to RealtyTrac(TM) June U.S....
Press release article from: PR Newswire July 27, 2005 700+ words
...percent increase in the nation's foreclosure rate, with one new foreclosure for every...increased by 19 percent, but its foreclosure rate was less than two-thirds the national...month dip, Texas regained the highest foreclosure rate in the nation with 12,693 new foreclosures...
Colorado Was Nation's Top Foreclosure Rate State.
News wire article from: Mortgage Line February 20, 2008 700+ words
...posted the nation's highest state foreclosure rate in December 2006. It rose to the...spot back from Nevada. Nevada's foreclosure rate of one new foreclosure filing for...Greeley, Colo., posted the highest foreclosure rate among the nation's 200-plus largest...
National Foreclosure Rate Stabilizing According to RealtyTrac(TM) May U.S....
Press release article from: PR Newswire June 22, 2005 700+ words
...skyrocketed in May, giving it the highest foreclosure rate among the 50 states -- one property...dramatically increased in May, causing its foreclosure rate leapfrog to second highest in the...states tied for the fifth highest foreclosure rate nationwide. In Texas, which accounted...
SECU Foreclosure Rate Ten Times Less than National Average as a Result of...
Press release article from: Business Wire June 28, 2007 700+ words
...SECU) has announced that its foreclosure rate for 2006 was .12%, or ten...than the national average foreclosure rate of 1.28% as recently disclosed...Association. The national foreclosure rate is at the highest level since...
Weld lower on foreclosure rate list, but still has high rates.
Newspaper article from: Greeley Tribune (Greeley, CO) April 30, 2007 700+ words
...distinction of leading the nation with its foreclosure rate. The bad news: Weld still has a...Trustee's office expect 2007's foreclosure rate to easily surpass the record-setting...County led the nation with the highest foreclosure rate, according to RealtyTrac, a property...
Foreclosure rate improves among Utahns.
Newspaper article from: Salt Lake Tribune (Salt Lake City, UT) March 14, 2007 700+ words
...booming real estate market, Utah's foreclosure rate -- the percentage of loans in the...percent in 2003. Nationally, the foreclosure rate increased to 1.19 percent from 0...from their obligations. Utah's foreclosure rate, once among the highest in the country...
Foreclosure rate falls among state residents.
Newspaper article from: Salt Lake Tribune (Salt Lake City, UT) March 18, 2005 700+ words
...Utah's 4.6 percent. The U.S. foreclosure rate is 1.1 percent, compared with 1...Mexico also tied with Utah for the highest foreclosure rate. The next highest foreclosure rate is in Colorado which, like Utah, has...
FORECLOSURE RATE UP SLIGHTLY
Newspaper article from: The Record (Bergen County, NJ) DON STANCAVISH, Staff Writer June 7, 1995 700+ words
...Bergen County, NJ) 06-07-1995 FORECLOSURE RATE UP SLIGHTLY -- RESIDUALS OF RECESSION...numbers really aren't too bad." The foreclosure rate, in fact, had been steadily falling...percent in Oregon, which had the lowest foreclosure rate in the nation. In numbers, the 1...
For more facts and information, see all results

Source: HighBeam Research, Firm Reports Rise In Foreclosures.

©2009 Gale, a part of Cengage Learning. All rights reserved.
About us | FAQs | Contact us | Privacy policy | Terms and conditions
Other Gale sites: Encyclopedia.com | HighBeam Research | Acquire Content | Books & Authors | Goliath | MovieRetriever | Smart QandA