Homes lost to foreclosure on track for 1 million in 2010

Wisconsin ranks 10th in July foreclosures

Published: August 11, 2011
Tags: foreclosure, foreclosures, RealtyTrac

By ALEX VEIGA AP Real Estate Writer LOS ANGELES (AP) — Fewer U.S. homes entered the foreclosure process or were seized by lenders in July, the latest sign banks are taking a measured approach to moving against homeowners who have fallen behind on mortgage payments. Some 59,516 homes received an initial default notice last month, [...]

New-home sales get boost after weak winter

Published: April 25, 2011
Tags: National Association of Home Builders, new home sales, RealtyTrac

By Derek Kravitz Associated Press Washington — More people bought new homes in March, giving the battered industry a small lift after the worst winter for sales in almost a half-century. New-home sales rose 11 percent last month from February to a seasonally adjusted rate of 300,000 homes, the Commerce Department said Monday. That follows [...]

Foreclosure spike worries homebuilders

Published: April 14, 2011
Tags: Cindy Kuhs, David Bellman, Don Bellman Homes, foreclosures, Kuhs Quality Homes, RealtyTrac

By Jack Zemlicka After an initial decline in the number of residential foreclosures this year, March figures showed foreclosures are on the rise again, and the sudden spike has industry professionals looking for ways to cope with the setback. According to a recent report from national foreclosure listing firm RealtyTrac Inc., banks repossessed 215,046 homes [...]

14 percent of Wis. homes sold in 2010 were foreclosures

Published: February 25, 2011
Tags: foreclosures, RealtyTrac

MILWAUKEE (AP) — Nearly 14 percent of homes sold in Wisconsin last year were foreclosed properties. According to RealtyTrac, the homes sold for about 35 percent less than those that weren’t in foreclosure. The online marketing firm says nationally about 26 percent of residential sales were foreclosure deals which sold for about 28 percent less [...]

Foreclosures slow down in January

Published: February 10, 2011
Tags: foreclosures, Homeowners, RealtyTrac

Los Angeles (AP) — Fewer U.S. homes entered the foreclosure process in January than in any month in more than three years, the latest sign lenders are taking longer to move against homeowners who have fallen behind on mortgage payments. The number of homes that received an initial default notice fell 1 percent last month [...]

Banks repossess 1 million homes in 2010

Published: January 13, 2011
Tags: bank repossessions, foreclosure, RealtyTrac

By JANNA HERRON AP Real Estate Writer NEW YORK (AP) — The bleakest year in the foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their [...]

Foreclosure activity rises in most of U.S.

Published: October 28, 2010
Tags: Ally Financial, Bank of America, foreclosures, GMAC Mortgage, RealtyTrac

By Alex Veiga AP Real Estate Writer Los Angeles — The foreclosure crisis intensified across most large U.S. metropolitan areas this summer, with Chicago and Seattle — cities outside of the states that have shouldered the worst of the housing downturn — seeing a sharp increase in foreclosure warnings. California, Nevada, Florida and Arizona remain [...]

Officials’ goal: Fix mortgage industry (UPDATE)

Published: October 13, 2010
Tags: attorney general, Bank of America, foreclosures, mortgages, RealtyTrac

By Alan Zibel AP Real Estate Writer Washington — Officials in 50 states and the District of Columbia have launched a joint investigation into allegations that mortgage companies mishandled documents and broke laws in foreclosing on hundreds of thousands of homeowners. As part of the national investigation, Wisconsin Attorney General J. B. Van Hollen asked [...]

Existing home sales rise in August

Published: September 23, 2010
Tags: foreclosures, Freddie Mac, National Association of Realtors, previously occupied homes, RealtyTrac, recession, unemployment

By Alan Zibel AP Real Estate Writer Washington — Sales of previously occupied homes rose last month, but not enough to keep August from being the second-worst month for sales in more than a decade. Sales rose 7.6 percent in August from July to a seasonally adjusted annual rate of 4.13 million, the National Association [...]