Thursday, December 15, 2011

Foreclosures = RealtyTrac reports 14% dip, but new wave expected + Scheduled home auctions hit nine-month high = Seasonal pullback in foreclosure activity by lenders and mortgage servicers

[mEDITate-OR:
see a bag half empty, being filled up, again.
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Some, stopped evicting over the Christmas Holidays...
but they did NOT stop any foreclosure proceedings.
Therefore, AFTER the Joyous Season...
there will be another spike in foreclosure evictions.
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As we learned to say in Vietnam:
"Incoming."
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At the end of September, 10.7 million,
or 22.1 percent of all U.S. homes with a mortgage, were underwater
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224,394 U.S. properties received a foreclosure-related notice last month
down 3 percent from October and down 14 percent from November last year
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Nevada had the nation's highest foreclosure rate last month
with one in every 175 households receiving a foreclosure notice
— more than three times the national average.
California, which alone accounted for 28 percent of all U.S. homes receiving a foreclosure notice last month had the second-highest foreclosure rate.
Arizona was third
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California cities also account for nine of the top 10 metro areas
when ranking cities by foreclosure rate.
The only exception was Las Vegas, which ranked No. 6
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Foreclosures = RealtyTrac reports 14% dip
but new wave expected
http://www.housingwire.com/2011/12/14/realtytrac-reports-14-decline-in-foreclosures-but-expects-new-wave
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Scheduled home auctions hit nine-month high
Seasonal pullback in foreclosure activity by lenders and mortgage servicers
http://www.msnbc.msn.com/id/45684993/ns/business-real_estate/#.TupW6zXLxKI
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