RealtyTrac: 2Q foreclosure activity rises as some states see reboot

Taj Tarik Bey - Mortgages, Foreclosures and Adverse Claims RealtyTrac: 2Q foreclosure activity rises as some states see reboot (housingwire.com) 16 Cities That Are Getting Destroyed By Foreclosures (businessinsider.com) RealtyTrac: US Foreclosure Activity Down 4.0% In June (forexlive.com)

A high of 70.4 percent of homes flipped in Q1 2010 were purchased as foreclosures or as REOs. States with the highest share of Q2 2017 home flips purchased as foreclosures or as REOs were Indiana (61.1 percent), New jersey (60.0 percent), Maryland (59.4 percent),

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The top 20 metro areas with the highest foreclosure rates were in four states – Florida, California, Nevada and Arizona, according to the report. Other RealtyTrac findings: 94,466 properties received a foreclosure filing in the Miami-Fort Lauderdale-Pompano Beach metro area during the first half of 2010, more than any other metro area.

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Realtors said the Bank of America plan, which has a minimum payout amount of $5,000, is a genuine incentive to struggling homeowners who may otherwise fall into Florida’s foreclosure abyss. The current timeline to foreclosure in Florida is an average of 676 days – nearly two years – according to real estate analysis company realtytrac .

Here are states/cities where real estate pros say could be the next hot spots where the housing recovery heats up. While these markets have seen some recovery, they’re still down significantly from their peak. (See map above) STATES – New York, New Jersey, Pennsylvania, Maryland, North Carolina, South Carolina, Florida. CITIES. Wilmington, Del.

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Where future foreclosures are coming from. Here is the drawn to scale pipeline of future foreclosures. We have roughly 6 million mortgages in some state of distress or foreclosure. As you can see from the chart above the REO category is a tiny fraction of the other problem properties gearing up to hit the market.

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