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Foreclosures Drop 3% in May as Lenders Tackle Backlog: RealtyTrac

 · (Reuters) – Foreclosure filings on U.S. homes in September fell to their lowest level in five years, but some states are still seeing their foreclosures rise, a report from RealtyTrac said on.

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 · RISMEDIA, May 13, 2010- RealtyTrac® (www.realtytrac.com), a leading online marketplace for foreclosure properties, has released its U.S. Foreclosure Market Report for April 2010, which shows.

Mortgage Settlement Will Lead to More Foreclosures, Experts Say. That’s left a backlog of troubled loans, many of which won’t be helped by measures in the deal that will let homeowners.

With Inland Empire foreclosures at pre-recession lows, Riverside County’s foreclosure rate dropped to No. 21 statewide in April. A total 1,403 mortgage default notices, auction sale notices and bank repossessions were recorded in April, meaning 1 in 566 households was in some stage of foreclosure, according to Irvine-based RealtyTrac.

Less than 1,200 foreclosures were completed in October compared to October 2011, a 17 percent drop. s taking lenders to tackle their backlog of foreclosure cases. Fourteen states saw an annual.

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 · RealtyTrac: More Than One Million Homes Seized by Lenders in 2010 Lenders repossessed 1,050,500 homes last year, according to the 2010 end-of-year foreclosure report from RealtyTrac . The annual figure marks a record-high number.

According to a recent report by Corelogic “House prices are up 6.3% year-over. news is that overall foreclosure activity continues to fall and a decline in new foreclosures are leading the drop..

How a $35 Dollar Mistake Could Help Fight Foreclosure MORTGAGES | NEW$ TO USE | Page 5 – Nationally, the median asking price increased by 1.3% from January and by 6.8% from one year ago to $188,000. Several markets that have seen a large drop-off in inventories, including Miami and Phoenix, have seen corresponding jumps in median asking prices by 26% and 21%, respectively.

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 · lenders filed 3,168 foreclosures on single-family and multifamily properties during the quarter, according to a study from New York University Furman Center for Real Estate and Urban Policy. The notices, the first stage in the foreclosure process, also dropped 5.4% from the previous three months and were down more than 46% from the peak in 2009.

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