RealtyTrac: Foreclosure filings near 5-year low

Foreclosure filings hit 5-year low in September By: Associated Press October 11, 2012 U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by.

U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there.

Data show US foreclosure filings fell to 5-year low in September; homes on track down 12 pct.. according to a report Thursday by foreclosure listing firm RealtyTrac Inc.

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Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month – the fewest number since July 2007.

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Foreclosure filings increase by double digits.. the lowest level since November 2005 – a nearly 10-year low that demonstrates the recent rise.

RealtyTrac. of 2007 – near the beginning of the housing crisis – the foreclosure process in New Jersey took an average 340 days. “As of the fourth quarter 2010, it’s actually taking 849 days from.

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Filings remained elevated for nearly a decade until recently returning. The successful implementation of JEFIS for foreclosure reduced the time. 5 system ( eCourts), including for foreclosure. The eCourts program provides. In several articles, Realtytrac reported that New Jersey was second in the country in length.

US foreclosure filings hit 5-year low in September. had been delayed by a state law that took effect in July 2011 and allowed borrowers facing foreclosure to request mediation, RealtyTrac noted

US foreclosure filings have dropped to a five-year low in September as fewer homes are on track to be seized by lenders. It was the second consecutive monthly decline in filings, although there.

The foreclosure tracking firm says for the first quarter of 2012, the number of U.S. households that received a foreclosure notice fell to 572,928 – a 2 percent decline from the previous quarter.

 · March foreclosure filings, with 239,795 reported nationally, were down 35% from a year before. But the U.S. housing market itself was in no better shape, said James Saccacio, chief executive officer of RealtyTrac, adding that he expects foreclosure filings to pick up again in the near future.

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