Foreclosure filings jump nationwide

Bay Area foreclosure action heads back up
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The number of Bay Area homeowners who received a foreclosure notice jumped sharply from July to A

The number of Bay Area homeowners who received a foreclosure notice jumped sharply from July to August in a sign that banks may be pushing through foreclosures that had been delayed because of the so-called "robo-signing" scandal.
But given that a similar increase happened in March, it won't be clear until at least next month if this trend will continue.

In the Bay Area, 2,780 homeowners received a notice of default in August, the first step in the foreclosure process. That's a 34 percent increase from July, and essentially unchanged from a year ago, said a report to be released Thursday by RealtyTrac.com, st jumped 19.5 percent from July and rose nationally, according to a report from RealtyTrac that suggests lenders are working through documentation issues that had delayed filings.

Filings in the Chicago area were down 28.2 percent from August 2010.

Last month, 11,226 homes in the area received a filing, or one in every 337 homes.

http://www.suntimes.com/business/7672482-420/foreclosure-filings-ju...

PHOENIX -- For the second month in a row, Arizona had the third highest foreclosure rate in the nation in August, according to Realty Trac.

"Arizona continues to be ranked consistently among the top five states in terms of foreclosure rate," said Realty Trac's Darren Blomquist.

http://ktar.com/category/local-news-articles/20110915/Arizona-No.-3...

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Permalink Reply by Jim Braun on September 15, 2011 at 3:21pm

Is to bad to see so many loose their homes, I am one of them. As well, so many wanted a house even the rich would not want. The foreclosure coin has 2 sides and both are being played. I live in the Philippines and will soon buy a house here,cash, 10 to 20K will get you something ok to nice to live in and no one can take it away.

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Permalink Reply by keith howard thomas on September 15, 2011 at 4:59pm

Wow,Thats not good.I lost a home,Not a nice thing.But did manage to rebuild my credit in 4 years and purchased another home.what confuses me,is why are they building so many homes in long pond pa?Very strange.The one I purchased now,came with a inlaw apartment..which can be rented out.Many people are renting rooms and sharing homes to deal with the bad economy here.

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Permalink Reply by Andy Anduer on September 16, 2011 at 4:01am

I lost a property in Texas a long time ago because of failure to pay taxes on it. The Tax office never answered their phone and were always closed and wouldn't answer their mail. Hows that for legal robbery?