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Foreclosure Situation

Foreclosures Fell 31 Percent from 2012

There were 48,000 completed foreclosures in the U.S. in October 2013, down from 68,000 in October 2012, a year-over-year decrease of 30 percent. On a month-over-month basis, completed foreclosures have decreased 25.6 percent, from 64,000 reported in September, according to CoreLogic. Read More »

Boomerang Buyers Can’t Get a Loan

A growing number of the 7 million former home owners who lost their home either to foreclosure or short sales can’t shake the homeownership bug, Now that the housing sector is recovering, many of these “Boomerang Buyers” are back in the market but many are failing to get financing. Read More »

New York Foreclosures Soar a Year After Sandy

One year after Hurricane Sandy made landfall on the U.S. eastern seaboard, RealtyTrac today reported that foreclosure activity in the first nine months of 2013 is up 33 percent compared to the first nine months of 2012 in the 7-county region including the five boroughs of New York and Long Island. Read More »

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