US Foreclosure
Activity Rises 5 Percent in January: RealtyTrac
RealtyTrac reports that 37,292 U.S. homes were foreclosed on in January, a jump of 5 percent to the highest level in 15 months. The activity is picking up as banks take back more homes, particularly in states where foreclosure is a legal process that unfolds over a period of years. RealtyTrac Vice President Daren Blomquist also says foreclosure filings will accelerate in the coming months as lenders engage in "spring cleaning" in some states. Overall, however, the number of properties in the foreclosure pipeline -- 119,888 -- is 4 percent fewer than at this time last year.
From "US Foreclosure Activity Rises 5 Percent in January: RealtyTrac"
Reuters (02/12/15) Dunsmuir, Lindsay
RealtyTrac reports that 37,292 U.S. homes were foreclosed on in January, a jump of 5 percent to the highest level in 15 months. The activity is picking up as banks take back more homes, particularly in states where foreclosure is a legal process that unfolds over a period of years. RealtyTrac Vice President Daren Blomquist also says foreclosure filings will accelerate in the coming months as lenders engage in "spring cleaning" in some states. Overall, however, the number of properties in the foreclosure pipeline -- 119,888 -- is 4 percent fewer than at this time last year.
From "US Foreclosure Activity Rises 5 Percent in January: RealtyTrac"
Reuters (02/12/15) Dunsmuir, Lindsay
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