5 Articles match "Auctions","Michigan","Number"

• The Best from RealtyTrac

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• 5 States = 55% of July Foreclosure Pie
  
  California, Florida, Michigan, Ohio and Georgia together accounted for 55 percent of all U.S. The foreclosure filings tracked in the report are default notices, auction notices and bank repossessions. Californias foreclosure rate of one foreclosure filing for every 333 households slipped from third highest in June to fourth highest in July, behind foreclosure rates in Nevada, Georgia and Michigan. foreclosure filings in July, according to the RealtyTrac U.S. Foreclosure Market Report released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• May Home Prices Down 4.8 Percent
  
  Home prices were down again in May, but a few regions of the country experienced a ever-slight uptick in prices from the previous month, giving officials at the Office of Federal Housing Enterprise Oversight (OFHEO) a chance to be cautiously optimistic in the press release announcing the numbers. "It quot;It is very hard to draw conclusions from a one-month number, especially in these uncertain times; but the numbers in the Pacific, East and West North Central Divisions may be good signs," said OFHEO Director James B. Lockhart in the release. Nationwide, the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• MBA Survey Confirms Q1 Foreclosure Surge
  
  The record-high delinquency rate reported by the MBA in the first quarter indicates that foreclosure activity has not peaked, which is also reflected in the numbers RealtyTrac has reported so far for the second quarter. The total number of properties with foreclosure filings in the RealtyTrac April report was the highest monthly total since RealtyTrac began issuing the report in January 2005. The first quarter MBA National Delinquency Survey released today largely supports the findings of the RealtyTrac Q1 2008 U.S. Foreclosure Market Report released at the end of April,
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• FBI: Mortgage Fraud Begets Foreclosure
  
  The correlation is apparent in the report’s list of the top states for mortgage fraud: California, Florida, Georgia, Illinois, Indiana, Michigan, New York, Ohio, Texas, and Utah. If not caught, the flipper pockets the profit produced by the artificially inflated sales price (see diagram below from FBI report). The report goes on to pinpoint “foreclosure-rescue” scams as an emerging form of fraud that takes advantage of the growing number of homeowners in default. “The perpetrators convince homeowners that they can save their homes from foreclosure through deed transfers and the
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• July Foreclosure Report
  
  Bank Repossessions (REOs) accounted for 28 percent of all activity during the month, while defaults accounted for 41 percent and auction notices accounted for 31 percent. That is in contrast to REOs accounting for just 16 percent of all activity in July 2007, while defaults in July 2007 were still at 41 percent and auction notices were at 43 percent. This shift in percentages shows that a higher proportion U.S. foreclosure activity in July increased 8 percent from the previous month and 55 percent from July 2007, according to the RealtyTrac Foreclosure Market Report released today.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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