Daren Blomquist, RealtyTrac

Foreclosures across the country dropped to their lowest level in April since 2007, just-released data from RealtyTrac shows.

Last month, 144,790 properties had foreclosure filings. Non-judicial states such as Nevada, Florida, Ohio, Illinois and South Carolina had the highest foreclosure rates, the report said. The foreclosure process does not have to go through the courts in non-judicial states. Florida had the nation’s second-highest foreclosure rate after Nevada, though filings were down sharply since the 2009 peak, said Daren Blomquist of RealtyTrac. [more]

Biggest flipping profits (Source: RealtyTrac)

Orlando is the best market in the U.S. for turning a profit from flipping houses, according to RealtyTrac’s latest foreclosure report. [more]

Orlando, Fla.

One in every 859 U.S. homes has received a foreclosure filing, according to RealtyTrac’s latest foreclosure report.  Foreclosure filings were reported on 152,500 U.S. properties. This was down 1 percent month-over-month.

Certain housing markets have recovered well and economists are getting increasingly bullish about the national housing recovery. But housing is a local story and many continue to suffer from an extremely high foreclosure rate. [more]

Click to enlarge

U.S. foreclosure filings — including default notices, scheduled auctions and bank repossessions — are down 3 percent year-over-year, according to a year-end foreclosure market report issued by RealtyTrac. The nationwide average of housing units that had at least one foreclosure filing in 2012 came in at 1.39 percent — or one in every 72 units — which is down from the 1.45 percent tallied in 2011. But despite the positive news on the national front, foreclosure activity increased in 25 states in 2012, including New York, New Jersey and Connecticut. Queens, RealtyTrac found, was particularly hard-hit. [more]

The average sales price of bank-owned homes or homes in the process of foreclosure in the second quarter rose 6 percent quarter-over-quarter and 7 percent from the second quarter of 2011, according to a report released today by RealtyTrac. The average price comes in at $170,040 and marks the first year-over-year increase in average price since the second quarter of 2010, as well as the biggest year-over-year increase since the fourth quarter of 2006. [more]

Foreclosures decreased year-over-year for the 22nd consecutive month in July, but the housing market isn’t out in the clear just yet. While filings — which include default notices, scheduled auctions and bank repossessions — fell 10 percent since last July, foreclosure starts in the U.S. rose 6 percent in the last 12 months, marking the third straight month of annual increases in that category, according to a report released today by RealtyTrac. Prior to the last three months, foreclosure starts had tumbled for 27 consecutive months. [more]

Sales of homes in some stage of foreclosure accounted for 26 percent of all nationwide residential sales during the first quarter — a three-year high, according to a new RealtyTrac report. This marks an increase from 22 percent of all sales in the fourth quarter of last year and another from 25 percent in the prior-year quarter. But with this increase comes a record price decrease. [more]

Click for interactive version of foreclosure heatmap (source: RealtyTrac)Foreclosure filings fell 5 percent month-over-month in April to the lowest level since July 2007, according to the U.S. Foreclosure Market Report released today by RealtyTrac. The 188,780 properties on which default notices, scheduled auctions and bank repossessions were reported in April marks a 14 percent decline from April 2011…. [more]

Source: RealtyTrac

Though the New York-metropolitan area hasn’t shouldered the brunt of the foreclosure crisis, the epidemic is quickly spreading to the city and its suburbs, according to RealtyTrac’s first-quarter 2012 foreclosure market report released today. With foreclosures present in just one out of every 981 homes in New York City, Northern New Jersey and Long Island, the region had the 32nd lowest first quarter foreclosure rate among the 212 metropolitan areas in the U.S. with a population that exceeds 200,000. [more]

Source: RealtyTrac

National foreclosure filings declined in the first quarter to their lowest level in more than four years, according to a RealtyTrac report released today, and foreclosures in New York are down in the last year but have trended upwards of late. Default notices, scheduled auctions and bank repossessions were filed for 572,928 properties in the quarter, down 16 percent from the prior-year quarter. It’s the fewest filings recorded since the fourth quarter of 2007. [more]