Foreclosure Filings Down 4 Percent in October

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Foreclosure Filings Down 4 Percent in October

HOW LOANRATEUPDATE WORKS

READ OUR DISCLOSURE

FILL OUT THE FORM

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

CHOOSE YOUR LENDER

Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.

READY TO SPEAK TO A PROFESSIONAL?

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Foreclosure Filings Down 4 Percent in October

HOW LOANRATEUPDATE WORKS

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FILL OUT THE FORM

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

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Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.

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Foreclosure Filings Down 4 Percent in October

November 11 2010 (Jeff Alan)
foreclosure-notice-picture
RealtyTrac is reporting that there were 332,172 foreclosure filings in the month of October, a four percent decline compared to September. That puts the level of homes in some stage of foreclosure exactly where it was at a year ago, one in every 389 homes.

Five states accounted for more than 50 percent of the foreclosure filings: California, Florida, Michigan, Illinois, and Arizona.

Banks foreclosed on 93,236 properties in October, sharply lower than September’s record high of just above 100,000 homes, as foreclosure processing was stalled by questionable paperwork.

“The numbers probably would have been higher except for the fallout from the recent ‘robo-signing’ controversy,” said James J. Saccacio, chief executive officer of RealtyTrac. Saccacio said he expects further declines in November.

October was the twentieth consecutive month where more than 300,000 U.S. homeowners received a foreclosure filing.

Nevada, Florida and Arizona continued to post the highest foreclosure rates in the country. One in every 79 housing units in Nevada received a foreclosure filing in October, five times more than the national average and close to double Florida’s one in every 155 unit rate.

Despite the lull due to the “robo-signing” controversy, the year is still expected to post record levels of foreclosure activity.

Tags: foreclosure filings, robo-signing, homeowner, foreclosures, foreclosure rates

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Five states accounted for more than 50 percent of the foreclosure filings: California, Florida, Michigan, Illinois, and Arizona.

Banks foreclosed on 93,236 properties in October, sharply lower than September’s record high of just above 100,000 homes, as foreclosure processing was stalled by questionable paperwork.

October was the twentieth consecutive month where more than 300,000 U.S. homeowners received a foreclosure filing.

Despite the lull due to the “robo-signing” controversy, the year is still expected to post record levels of foreclosure activity.

Tags: foreclosure filings, robo-signing, homeowner, foreclosures, foreclosure rates

HOME LOANS CAN BE CONFUSING

YOU'VE GOT QUESTIONS

WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?

DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?

WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

INSIDER CAR BUYING TIPS

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.

BUYING VS LEASING

There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.

DEALER OR BANK FINANCING

Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.

BUYING ON THE INTERNET

Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.

THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.

AUTO LOAN CALCULATOR

Calculate how much you can afford

BUYING OR SELLING A HOME
IS A BIG DECISION

WE MAKE IT EASIER

HOME BUYING TIPS

HOME SELLING TIPS

SEARCH FOR A HOME

Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.

FIND THE CREDIT CARD THAT'S RIGHT FOR YOU

THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.

YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

Five states accounted for more than 50 percent of the foreclosure filings: California, Florida, Michigan, Illinois, and Arizona.

Banks foreclosed on 93,236 properties in October, sharply lower than September’s record high of just above 100,000 homes, as foreclosure processing was stalled by questionable paperwork.

October was the twentieth consecutive month where more than 300,000 U.S. homeowners received a foreclosure filing.

Despite the lull due to the “robo-signing” controversy, the year is still expected to post record levels of foreclosure activity.

Tags: foreclosure filings, robo-signing, homeowner, foreclosures, foreclosure rates

HOME LOANS CAN BE CONFUSING

YOU'VE GOT QUESTIONS

WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?

DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?

WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?

WE MAKE IT SIMPLE

WE'VE GOT ANSWERS

CALCULATE YOUR MORTGAGE PAYMENT

BENEFITS OF REFINANCING YOUR MORTGAGE

ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN

THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.

INSIDER CAR BUYING TIPS

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.

BUYING VS LEASING

There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.

DEALER OR BANK FINANCING

Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.

BUYING ON THE INTERNET

Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.

AUTO LOAN CALCULATOR

Calculate how much you can afford

BUYING OR SELLING A HOME IS A BIG DECISION

WE MAKE IT EASIER

HOME BUYING TIPS

HOME SELLING TIPS

SEARCH FOR A HOME

Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.

FIND THE CREDIT CARD THAT'S RIGHT FOR YOU

THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.

YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS