Home / Daily Dose / Foreclosures Rise in Q3 Despite Falling to Eight-Year Low in September The Best Markets For Residential Property Investors 2 days ago Foreclosures Rise in Q3 Despite Falling to Eight-Year Low in September Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Subscribe in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago Default Notices Foreclosures quarterly report RealtyTrac REO 2014-10-15 Brian Honea Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Default Notices Foreclosures quarterly report RealtyTrac REO Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Previous: DS News Webcast: Thursday 10/16/2014 Next: ACES Risk Management, Kroll Factual Data Announce Partnership October 15, 2014 923 Views Servicers Navigate the Post-Pandemic World 2 days ago Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, inched upward nationwide in Q3 despite dropping to their lowest level in eight years in September, according to RealtyTrac’s Q3 2014 U.S. Foreclosure Market Report released on Thursday.A total of 317,171 residential properties in the U.S. reported foreclosure filings in Q3, which is a decline of 16 percent from the same quarter in 2013 but an increase of 0.42 percent from Q2, according to RealtyTrac. It was the first quarter-over-quarter increase reported since the third quarter of 2011.RealtyTrac cited a 2 percent increase in default notices and a 7 percent jump in scheduled foreclosure auctions as the reasons for the quarterly increase in foreclosure filings. The number of bank repossessions (REOs) declined by 12 percent from Q2 to Q3.The number of foreclosure filings in September (106,866) was down 9 percent from August and down 19 percent from September 2013. September was the 48th consecutive month in which foreclosure filings declined on a year-over-year basis. With the recent decline, foreclosure filings nationwide are at their lowest level since July 2006, a total of 98 months.”September foreclosure activity was back to pre-housing bubble levels nationwide, in large part thanks to a continued slide in bank repossessions,” said Daren Blomquist, vice president at RealtyTrac. “However, a recent rise in scheduled foreclosure auctions in many markets across the country shows lenders are continuing to clean house of lingering delinquent loans. This rise in scheduled auctions foreshadows a corresponding rise in bank repossessions and auction sales to third party buyers in the coming months.”The five states with the highest foreclosure rate were Florida, Maryland, New Jersey, Nevada, and Illinois, according to RealtyTrac. The five metropolitan statistical areas with the highest foreclosure rates were Orlando, Florida; Atlantic City, New Jersey; Macon, Georgia; Ocala, Florida; and Palm Bay-Melbourne-Titusville, Florida.Meanwhile, RealtyTrac reported that the foreclosure process is taking longer nationwide. In Q3 of 2014, properties were in the foreclosure process for an average of 615 days, an increase of 7 percent from Q2 and 13 percent from Q3 2013. It is the longest average time for the foreclosure process since RealtyTrac began tracking the data in 2007. New Jersey had the longest average foreclosure time of any state at 1,064 days, according to RealtyTrac.The number of default notices nationwide in Q3 increased by 2 percent from the previous quarter but declined by 11 percent from the same quarter a year ago, according to RealtyTrac. It was the ninth straight quarter in which default notices declined year-over-year nationwide. Ten states saw a year-over-year increase in default notices in Q3, led by Indiana (up 59 percent), Oklahoma (up 49 percent), Massachusetts (up 38 percent), New Jersey (up 19 percent), and Iowa (up 12 percent).Scheduled foreclosure auctions in the U.S. totaled 139,721 for Q3, up 7 percent from Q2 but down by 1 percent from Q3 2013, marking the 15th straight quarter in which foreclosure auctions declined year-over-year. The number of scheduled foreclosure auctions rose on a year-over-year basis in 22 states, led by North Carolina and Oregon with an 85 percent increase each, New Jersey (66 percent), Oklahoma (58 percent), and New York (57 percent). Scheduled foreclosure auctions increased in 32 states quarter-over-quarter, led by Michigan with a 34 percent hike, followed by Maryland (up 30 percent) and California, Texas, and Arizona with a 25 percent increase each.REO activity is down nationwide; in the third quarter, lenders repossessed 74,271 residential properties in the U.S. in Q3, representing a decline of 12 percent from Q2 and a drop of 38 percent from Q3 2013. It was the 16th consecutive quarter in which REO activity declined year-over-year. Still, REO activity increased in Q3 from the same period a year ago in seven states, led by Maine (up 24 percent), Maryland (up 19 percent), Oregon (up 13 percent), Georgia (up 11 percent) and New Jersey (up 5 percent). About Author: Brian Honea
Facebook Derry to hold meeting on Brexit Pinterest Google+ Previous articleRampant Dundalk fire five past Derry at the BrandywellNext articleOn today’s Saturday Sport… admin WhatsApp 365 additional cases of Covid-19 in Republic Main Evening News, Sport and Obituaries Tuesday May 25th Further drop in people receiving PUP in Donegal By admin – July 2, 2016 Pinterest 75 positive cases of Covid confirmed in North WhatsApp Twitter Twitter RELATED ARTICLESMORE FROM AUTHOR Google+ Man arrested on suspicion of drugs and criminal property offences in Derry People are being urged to attend a meeting in Derry next week to discuss the EU referendum and the implications that Brexit will have on the North West.Both the Foyle and East Derry constituencies voted to remain in the EU with the majority of the North also voting to remainThe meeting is taking place in the City Hotel on Wednesday next at 7.30pm and Local Councillor Michael Cooper outlines why it is important for the community to attend: Homepage BannerNews Facebook Gardai continue to investigate Kilmacrennan fire
Northern Foods’ bakery division has seen like-for-like sales increase by more than 10% in its second quarter following a period of decline in Q1.Like-for-like sales for the 26 weeks to 2 October 2010 grew by 3.3% within bakery, with sales up 10.9% in Q2 following a 5.6% drop in Q1. The firm said its biscuit volume growth had returned to “normal levels” following its decision to return to promotional activity after the World Cup. Major investment in automated technology for Fox’s Biscuits is also proceeding to plan, it added.The firm has also announced a new organisational structure in a bid to streamline the business and achieve cost savings. Its current three divisions: Bakery, Chilled and Frozen, will become two: Branded and Chilled.Its Branded division will comprise Goodfella’s Pizza, McDougalls and Holland’s Pies, Fox’s Biscuits and Matthew Walker Puddings, while its Chilled division will combine sandwiches and salads with ready meals and its British Airways supply business.
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow â€” Todayâ€™s Wellington High School bulletin for Friday, Jan. 16, 2015:Fridayâ€¢El Dorado at Wellington. G- 6 p.m., B – follow.Saturdayâ€¢Dancing wit the teachers.No School on Monday!Friday lunch: Baked ham, potatoes/brown gravy, great beans, angel biscuit/jelly, pineapple chunks.Todayâ€™s News*NHS members- remember to sign up for Remind 101 in Ms. Hollas’ room. Also the Chisholm Trail Museum is looking for volunteersÂ this SundayÂ starting atÂ 1 p.m.. If you are interested in helping, please see Ms. Hollas.*Crusader Committed invites you to Rock n BowlÂ this SaturdayÂ night. This will be a 1980’s themed event, so dress from that era is encouraged. The event will be at Meadow Lanes fromÂ 9-12pm. Cost for this fun filled evening is $10. Â If you have questions contact Trey Coulter.*Itâ€™s time to pay it forward to one of our biggest fans. We are raising money to buy Keith Finley a letter jacket for his birthday. It will be given to him at the homecoming basketball game on February 6. There will be buckets in the office, library and in Mr. Ginterâ€™s room. If you have any questions you can ask Jared Shields or McKenna Oathout. This fundraiser will end on January 23.*Students- Canâ€™t find your agenda? You can purchase a new one in the office for $5.*First Semester Geography Students- if you have not returned your textbook, please do so immediately to Mr. Young.Follow us on Twitter.