Arab Today, arab today realtytrac foreclosures fading as national problem
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

RealtyTrac: Foreclosures fading as national problem

Arab Today, arab today

Arab Today, arab today RealtyTrac: Foreclosures fading as national problem

Washington - UPI

A U.S. housing market report at mid-year showed a sharp drop in foreclosure activity in the first half of 2013. In the first six months of the year there were 801,359 foreclosure filings, which includes default notices, scheduled auctions and bank repossessions, online marketplace RealtyTrac said Thursday. That figure is 19 percent below the number of foreclosures in the last two quarters of 2012 and 23 percent below the first half of 2012, the firm said. The report said one in every 164 housing units, or 0.61 percent of the housing units in the country, had at least one foreclosure filing in the first half of the year. \"Halfway through 2013 it is becoming increasingly evident that while foreclosures are no longer a problem nationally they continue to be a thorn in the side of several state and local markets, particularly where a backlog of delayed distress has built up thanks to a lengthy foreclosure process,\" said Daren Blomquist, vice president of RealtyTrac, in a statement. In a sense, Blomquist said, it has become a lender\'s market. \"Given the rising home prices in most of these markets, it is an opportune time for lenders to dispose of these distressed properties, either at the foreclosure auction to a third-party buyer or by repossessing the property at the auction and subsequently selling it as a bank-owned home,\" he said. RealtyTrac said bank repossessions in June decreased from a year ago in 34 states. However, there were some notable exceptions. In Arkansas, Oklahoma and Maryland, bank repossessions in June were, respectively, 143 percent, 103 percent and 74 percent higher than the same month of 2012, the survey found. In Washington in June, bank repossessions rose 71 percent from June 2012. In New Jersey, they were up 33 percent and in New York up 21 percent, the firm said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today realtytrac foreclosures fading as national problem Arab Today, arab today realtytrac foreclosures fading as national problem

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today realtytrac foreclosures fading as national problem Arab Today, arab today realtytrac foreclosures fading as national problem

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday