RealtyTrac reports foreclosure filings rise 3% in January

RealtyTrac and Foreclosure Information Property foreclosure filings in US down slightly in the first half of 2010 Property foreclosure filings in the US dropped 5% over the first half of 2010 as lenders continue to delay proceedings to focus on short sale and loan modification efforts, according to a new report.

U.S. foreclosure filings edged up 3% in January as judicial foreclosure states began to see a thaw in delayed foreclosure activity, RealtyTrac said. The Irvine,Calif.-based firm said foreclosure.

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RealtyTrac’s U.S. Foreclosure Market Report for August shows foreclosures, including default notices, scheduled auctions and bank repossessions were reported on 338,836 properties nationwide for the month. One in 381 housing units received a foreclosure filing in August.

Foreclosure filings jumped 14% in December from November, after four straight months of declines, according to data to be released today by RealtyTrac.. Default notices, scheduled foreclosure auctions or bank repossessions were reported on 349,519 properties nationwide last month, a 15% increase from a year earlier.

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Figures for foreclosure filings, which includes scheduled actions, default notices and bank repossessions, increased by 3% in January from December’s totals, although these numbers remain much.

After a reprieve in 2011, and a key reason why prognostications of a US housing market bottom is misguided, RealtyTrac reported that foreclosure filings were up 3% in January, month-over-month. Notice of defaults, however, are still depressed, down 22% from a year ago and unchanged from the prior month.