RealtyTrac: Foreclosure activity picked up in 120 metros

Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012. If an increase does occur, some housing experts wonder how it will impact overall home prices and whether the discounts for REOs will be even larger [.]

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The 5.0 percent share in the third quarter was down 7 percent from a 5.4 percent share in the second quarter but up 18 percent from. the earliest RealtyTrac has data on flipped homes. "After.

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Home RealtyTrac: Many states witness housing reboot as foreclosure. Many states witness housing reboot as foreclosure activity rises.. foreclosure activity picked up in 120 metros.

All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions-warnings that can lead up to a home eventually being lost to foreclosure.

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Of the 212 metropolitan statistical areas studied by the California-based research firm, 120 markets, or 57% of all surveyed MSAs, saw foreclosure activity pick up in 2012 when compared to year.

Victorville, Calif., pins hopes on revamped air base – In some parts of the city, the foreclosure rate in June reached one in 38 homes, according to data from RealtyTrac, which has a national. “If something doesn’t pick up soon, I don’t know if it will.

"Cold weather and a short month certainly contributed to a seasonal drop in foreclosure activity in February, but the reality is that new activity is no longer the biggest threat to the housing market when it comes to foreclosures," said Daren Blomquist, vice president at RealtyTrac said in a press release.

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RealtyTrac: 57% of Metros See Increase in Foreclosure Activity BY: ESTHER CHO More than half of the nation’s largest metros experienced an upturn in foreclosure activity in 2012 compared to 2011, according to a report from RealtyTrac. RealtyTrac observed foreclosure trends in 212 markets with a population of 200,000 or more and found 120 markets, or 57 percent,