Foreclosure Filings Nearly Double

Foreclosure Filing: The initial legal process of selling a mortgaged property that is in default. When a borrower defaults in making mortgage payments or otherwise fails to fulfill the terms of.

“Averaging over 900 days from the date of filing to sale – nearly double the national average – the foreclosure process is not only unacceptably protracted, but also unquestionably damaging for New.

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Foreclosures nearly double from year ago: report.. Foreclosure filings rose in 77 of the largest 100 metropolitan areas from the prior quarter, according to the Irvine, California-based.

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The firm reported a foreclosure rate of one foreclosure for every 557 households, with Nevada, Florida and California being hit the hardest. Nevada had the highest foreclosure rate, 1 in 185 households, and nearly triple the filings it had in September 2006.

US home foreclosures nearly double from a year ago By Barry Grey 15 November 2007 The staggering rise in US home foreclosures was documented in a report issued Wednesday by RealtyTrac, a.

From USAToday: Foreclosures drop, but they’re nearly double 2006 Home foreclosure filings fell 8% in September from a 32-month peak in August, but they were still nearly double year-ago levels, real estate information company said Thursday.

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Foreclosure.com, search the latest nationwide foreclosed properties with the most up-to-date foreclosure data. Foreclosure listings in every state and every status from start to finish, with new foreclosed homes for sale updated daily throughout the U.S.

Foreclosure filings jumped to a total of 86,465, up more than 50 percent from the previous quarter and nearly doubling from last year. "Averaging over 900 days from the date of filing to sale – nearly double the national average – the foreclosure process is not only unacceptably protracted, but also unquestionably damaging for New.

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Foreclosure starts at new record low nationwide, increase in DC and five states. Lenders started the foreclosure process on 383,701 U.S. properties in 2017, down 20 percent from 2016 and down 82 percent from a peak of 2,139,005 in 2009 to a new all-time low going back as far as foreclosure start data is available – 2006.