RealtyTrac: Foreclosure activity picked up in 120 metros

RealtyTrac observed foreclosure trends in 212 markets with a population of 200,000 or more and found 120 markets, or 57 percent, displayed an increase in foreclosure activity from 2011.

Meanwhile, the latest update from realty trac shows that overall foreclosure filings declined 2% from January to February even as foreclosure activity picked up in half of the nation’s major metro.

RealtyTrac reported that even as foreclosure filings declined marginally, by 3% in May, to 322,920 (1% higher YoY), bank repossessions (REOs) hit a record monthly high for the second month in a row, with 93,777 properties repossessed by lenders. It appears banks are finally starting to pick up backlogged housing currently in foreclosure.

All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday.

But now there are signs that "the frozen-up foreclosure process is beginning to thaw," especially in some parts of the country, said Brandon Moore, CEO of RealtyTrac. "Foreclosure activity.

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Of the 212 metropolitan statistical areas studied by the California-based research firm, 120 markets, or 57% of all surveyed MSAs, saw foreclosure activity pick up in 2012 when compared to year.

We drew on RealtyTrac’s report to highlight the 14 metros with the highest foreclosure rates. Note: The metros are ranked by foreclosure rate, i.e., one in every X homes received a foreclosure filing.

RealtyTrac observed foreclosure trends in 212 markets with a population of 200,000 or more and found 120 markets, or 57 percent, displayed an increase in foreclosure activity from 2011. At its peak, foreclosure activity was up in 181 out of 212 metros in 2010.

“Sometimes, they get embarrassed and won’t even pick it up,” says business services manager. compared to 1.6 percent of U.S. homes, according to foreclosure-tracking firm RealtyTrac. Metro Police.

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boomerang buyers and other traditional owner-occupant buyers started to step into the gap and pick up the slack," said Daren Blomquist, vice president at RealtyTrac. "This is good news for sellers in.

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