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Foreclosure Rates Slow In First Half of 2011
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?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Foreclosure Rates Slow In First Half of 2011
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Foreclosure Rates Slow In First Half of 2011

July 28, 2011 (Chris Moore)

Foreclosure rates decreased on a year-over-year basis in the first half of 2011 according to RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report with 84 percent of the metropolitan areas posting improved foreclosure rates.

Cities in California, Nevada, and Arizona accounted for the top 10 foreclosure rates and 15 out of the top 20. All top 10 metro areas did, however, post decreasing foreclosure rates compared to the first half of 2010.

Unfortunately, the decrease in foreclosure activity was not attributed to an improvement in the housing market, but because of continued delays in the foreclosure process due to paperwork problems.

“Foreclosure activity continued to slow in the first half of 2011, especially in the most foreclosure-saturated markets and in markets where the judicial foreclosure process is used,” said James J. Saccacio, chief executive officer of RealtyTrac. “The 20 metro areas with the biggest year-over-year decreases in foreclosure activity were all in states with judicial foreclosure processes — New York, Maryland, Florida, New Jersey, Connecticut, Massachusetts, and Illinois.

“These dramatic decreases indicate the foreclosure pipeline continues to be clogged in many local markets across the country, sometimes by a glut of already-foreclosed properties that are not selling quickly, sometimes by a mountain of improperly filed foreclosures that are blocking the inflow of new foreclosure filings — and sometimes by both.”

The Las Vegas-Paradise metro area continued to post the nation’s highest foreclosure rate in the first half of 2011, with one in every 19 housing units (5.36%) receiving a foreclosure filing, followed by the Phoenix-Mesa-Scottsdale (3.51%) at No. 2; Modesto at No. 3 (3.32%); Stockton at No. 4 (3.24%); Riverside-San Bernardino-Ontario at No. 5 (3.21%); Vallejo-Fairfield at No. 6 (3.09%); Reno Sparks at No. 7 (2.96%); Bakersfield at No. 8 (2.78%); Merced at No. 9 (2.78%); and Sacramento-Arden-Arcade-Roseville at No. 10 (2.53%).

Out of the nation’s 20 most populated areas, only Seattle posted an increase in foreclosure activity in the first half of 2010 of 10 percent. That earned Seattle the biggest jump out of the 211 metro areas in the rankings, jumping from No. 97 to No. 57.

Baltimore had the biggest drop in the ratings among the nation’s 20 largest metro areas with a 74 percent drop in foreclosure activity. Baltimore’s ranking went from No. 83 to No. 182.

Foreclosure activity declined on a year-over-year basis in 178 out of the 211 metropolitan areas with a population over 200,000 or more in the first half of 2011.

Top 20 Metro Foreclosure Rates — 2011 Midyear

Rate Rank

Metro Name

Properties with Filings

%HU

 

1/every X HU

%Chg from Jul-Dec 10

%Chg from Jan-Jun 10

Rate Rank Jan-Jun 10

U.S. Total

1,170,402

0.90

111

-25.49

-29.27

 

1

Las Vegas-Paradise, NV

43,944

5.36

19

-18.10

-17.90

1

2

Phoenix-Mesa-Scottsdale,AZ

60,985

3.51

28

-8.41

-16.86

7

3

Modesto,CA

5,824

3.32

30

-20.90

-27.51

3

4

Stockton,CA

7,422

3.24

31

-18.21

-25.77

6

5

Riverside-San Bernardino-Ontario, CA

46,959

3.21

31

-16.19

-26.30

5

6

Vallejo-Fairfield,CA

4,655

3.09

32

-14.60

-20.90

9

7

Reno-Sparks,NV

5,413

2.96

34

-14.54

-20.44

11

8

Bakersfield,CA

7,633

2.78

36

-20.65

-23.75

12

9

Merced,CA

2,334

2.78

36

-26.35

-37.63

4

10

Sacramento–Arden-Arcade–Roseville,CA

21,721

2.53

39

-17.39

-20.36

14

11

Fresno,CA

7,431

2.40

42

-8.87

-10.80

21

12

CapeCoral-FortMyers, FL

8,699

2.38

42

-44.35

-52.15

2

13

Prescott,AZ

2,475

2.32

43

2.53

-8.60

27

14

Visalia-Porterville,CA

3,199

2.30

43

-14.51

-14.72

19

15

Boise City-Nampa, ID

5,336

2.20

45

-20.43

-16.88

22

16

Atlanta-Sandy Springs-Marietta, GA

44,160

2.04

49

-18.02

-15.69

30

17

Greeley,CO

1,925

2.04

49

-28.25

-17.52

29

18

Oxnard-Thousand Oaks-Ventura, CA

5,192

1.89

53

-13.02

-16.85

32

19

Tucson,AZ

7,939

1.85

54

1.44

-5.16

39

20

Salt Lake City,UT

7,417

1.85

54

-17.30

-10.38

36

Tags: RealtyTrac, Metropolitan Foreclosure Market Report, foreclosure rates, metropolitan areas, foreclosure activity, housing market, paperwork problems

Source:
RealtyTrac

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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
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

July 28, 2011 (Chris Moore)

Foreclosure rates decreased on a year-over-year basis in the first half of 2011 according to RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report with 84 percent of the metropolitan areas posting improved foreclosure rates.

Cities in California, Nevada, and Arizona accounted for the top 10 foreclosure rates and 15 out of the top 20. All top 10 metro areas did, however, post decreasing foreclosure rates compared to the first half of 2010.

Unfortunately, the decrease in foreclosure activity was not attributed to an improvement in the housing market, but because of continued delays in the foreclosure process due to paperwork problems.

“Foreclosure activity continued to slow in the first half of 2011, especially in the most foreclosure-saturated markets and in markets where the judicial foreclosure process is used,” said James J. Saccacio, chief executive officer of RealtyTrac. “The 20 metro areas with the biggest year-over-year decreases in foreclosure activity were all in states with judicial foreclosure processes — New York, Maryland, Florida, New Jersey, Connecticut, Massachusetts, and Illinois.

“These dramatic decreases indicate the foreclosure pipeline continues to be clogged in many local markets across the country, sometimes by a glut of already-foreclosed properties that are not selling quickly, sometimes by a mountain of improperly filed foreclosures that are blocking the inflow of new foreclosure filings — and sometimes by both.”

The Las Vegas-Paradise metro area continued to post the nation’s highest foreclosure rate in the first half of 2011, with one in every 19 housing units (5.36%) receiving a foreclosure filing, followed by the Phoenix-Mesa-Scottsdale (3.51%) at No. 2; Modesto at No. 3 (3.32%); Stockton at No. 4 (3.24%); Riverside-San Bernardino-Ontario at No. 5 (3.21%); Vallejo-Fairfield at No. 6 (3.09%); Reno Sparks at No. 7 (2.96%); Bakersfield at No. 8 (2.78%); Merced at No. 9 (2.78%); and Sacramento-Arden-Arcade-Roseville at No. 10 (2.53%).

Out of the nation’s 20 most populated areas, only Seattle posted an increase in foreclosure activity in the first half of 2010 of 10 percent. That earned Seattle the biggest jump out of the 211 metro areas in the rankings, jumping from No. 97 to No. 57.

Baltimore had the biggest drop in the ratings among the nation’s 20 largest metro areas with a 74 percent drop in foreclosure activity. Baltimore’s ranking went from No. 83 to No. 182.

Foreclosure activity declined on a year-over-year basis in 178 out of the 211 metropolitan areas with a population over 200,000 or more in the first half of 2011.

Top 20 Metro Foreclosure Rates — 2011 Midyear

Rate Rank

Metro Name

Properties with Filings

%HU

 

1/every X HU

%Chg from Jul-Dec 10

%Chg from Jan-Jun 10

Rate Rank Jan-Jun 10

U.S. Total

1,170,402

0.90

111

-25.49

-29.27

 

1

Las Vegas-Paradise, NV

43,944

5.36

19

-18.10

-17.90

1

2

Phoenix-Mesa-Scottsdale,AZ

60,985

3.51

28

-8.41

-16.86

7

3

Modesto,CA

5,824

3.32

30

-20.90

-27.51

3

4

Stockton,CA

7,422

3.24

31

-18.21

-25.77

6

5

Riverside-San Bernardino-Ontario, CA

46,959

3.21

31

-16.19

-26.30

5

6

Vallejo-Fairfield,CA

4,655

3.09

32

-14.60

-20.90

9

7

Reno-Sparks,NV

5,413

2.96

34

-14.54

-20.44

11

8

Bakersfield,CA

7,633

2.78

36

-20.65

-23.75

12

9

Merced,CA

2,334

2.78

36

-26.35

-37.63

4

10

Sacramento–Arden-Arcade–Roseville,CA

21,721

2.53

39

-17.39

-20.36

14

11

Fresno,CA

7,431

2.40

42

-8.87

-10.80

21

12

CapeCoral-FortMyers, FL

8,699

2.38

42

-44.35

-52.15

2

13

Prescott,AZ

2,475

2.32

43

2.53

-8.60

27

14

Visalia-Porterville,CA

3,199

2.30

43

-14.51

-14.72

19

15

Boise City-Nampa, ID

5,336

2.20

45

-20.43

-16.88

22

16

Atlanta-Sandy Springs-Marietta, GA

44,160

2.04

49

-18.02

-15.69

30

17

Greeley,CO

1,925

2.04

49

-28.25

-17.52

29

18

Oxnard-Thousand Oaks-Ventura, CA

5,192

1.89

53

-13.02

-16.85

32

19

Tucson,AZ

7,939

1.85

54

1.44

-5.16

39

20

Salt Lake City,UT

7,417

1.85

54

-17.30

-10.38

36

Tags: RealtyTrac, Metropolitan Foreclosure Market Report, foreclosure rates, metropolitan areas, foreclosure activity, housing market, paperwork problems

Source:
RealtyTrac

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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
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

July 28, 2011 (Chris Moore)

Foreclosure rates decreased on a year-over-year basis in the first half of 2011 according to RealtyTrac’s Midyear 2011 Metropolitan Foreclosure Market Report with 84 percent of the metropolitan areas posting improved foreclosure rates.

Cities in California, Nevada, and Arizona accounted for the top 10 foreclosure rates and 15 out of the top 20. All top 10 metro areas did, however, post decreasing foreclosure rates compared to the first half of 2010.

Unfortunately, the decrease in foreclosure activity was not attributed to an improvement in the housing market, but because of continued delays in the foreclosure process due to paperwork problems.

“Foreclosure activity continued to slow in the first half of 2011, especially in the most foreclosure-saturated markets and in markets where the judicial foreclosure process is used,” said James J. Saccacio, chief executive officer of RealtyTrac. “The 20 metro areas with the biggest year-over-year decreases in foreclosure activity were all in states with judicial foreclosure processes — New York, Maryland, Florida, New Jersey, Connecticut, Massachusetts, and Illinois.

“These dramatic decreases indicate the foreclosure pipeline continues to be clogged in many local markets across the country, sometimes by a glut of already-foreclosed properties that are not selling quickly, sometimes by a mountain of improperly filed foreclosures that are blocking the inflow of new foreclosure filings — and sometimes by both.”

The Las Vegas-Paradise metro area continued to post the nation’s highest foreclosure rate in the first half of 2011, with one in every 19 housing units (5.36%) receiving a foreclosure filing, followed by the Phoenix-Mesa-Scottsdale (3.51%) at No. 2; Modesto at No. 3 (3.32%); Stockton at No. 4 (3.24%); Riverside-San Bernardino-Ontario at No. 5 (3.21%); Vallejo-Fairfield at No. 6 (3.09%); Reno Sparks at No. 7 (2.96%); Bakersfield at No. 8 (2.78%); Merced at No. 9 (2.78%); and Sacramento-Arden-Arcade-Roseville at No. 10 (2.53%).

Out of the nation’s 20 most populated areas, only Seattle posted an increase in foreclosure activity in the first half of 2010 of 10 percent. That earned Seattle the biggest jump out of the 211 metro areas in the rankings, jumping from No. 97 to No. 57.

Baltimore had the biggest drop in the ratings among the nation’s 20 largest metro areas with a 74 percent drop in foreclosure activity. Baltimore’s ranking went from No. 83 to No. 182.

Foreclosure activity declined on a year-over-year basis in 178 out of the 211 metropolitan areas with a population over 200,000 or more in the first half of 2011.

Top 20 Metro Foreclosure Rates — 2011 Midyear

Rate Rank

Metro Name

Properties with Filings

%HU

 

1/every X HU

%Chg from Jul-Dec 10

%Chg from Jan-Jun 10

Rate Rank Jan-Jun 10

U.S. Total

1,170,402

0.90

111

-25.49

-29.27

 

1

Las Vegas-Paradise, NV

43,944

5.36

19

-18.10

-17.90

1

2

Phoenix-Mesa-Scottsdale,AZ

60,985

3.51

28

-8.41

-16.86

7

3

Modesto,CA

5,824

3.32

30

-20.90

-27.51

3

4

Stockton,CA

7,422

3.24

31

-18.21

-25.77

6

5

Riverside-San Bernardino-Ontario, CA

46,959

3.21

31

-16.19

-26.30

5

6

Vallejo-Fairfield,CA

4,655

3.09

32

-14.60

-20.90

9

7

Reno-Sparks,NV

5,413

2.96

34

-14.54

-20.44

11

8

Bakersfield,CA

7,633

2.78

36

-20.65

-23.75

12

9

Merced,CA

2,334

2.78

36

-26.35

-37.63

4

10

Sacramento–Arden-Arcade–Roseville,CA

21,721

2.53

39

-17.39

-20.36

14

11

Fresno,CA

7,431

2.40

42

-8.87

-10.80

21

12

CapeCoral-FortMyers, FL

8,699

2.38

42

-44.35

-52.15

2

13

Prescott,AZ

2,475

2.32

43

2.53

-8.60

27

14

Visalia-Porterville,CA

3,199

2.30

43

-14.51

-14.72

19

15

Boise City-Nampa, ID

5,336

2.20

45

-20.43

-16.88

22

16

Atlanta-Sandy Springs-Marietta, GA

44,160

2.04

49

-18.02

-15.69

30

17

Greeley,CO

1,925

2.04

49

-28.25

-17.52

29

18

Oxnard-Thousand Oaks-Ventura, CA

5,192

1.89

53

-13.02

-16.85

32

19

Tucson,AZ

7,939

1.85

54

1.44

-5.16

39

20

Salt Lake City,UT

7,417

1.85

54

-17.30

-10.38

36

Tags: RealtyTrac, Metropolitan Foreclosure Market Report, foreclosure rates, metropolitan areas, foreclosure activity, housing market, paperwork problems

Source:
RealtyTrac

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
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