RealtyTrac News

RealtyTrac News From AOL News

From Bad to Worse? A Foreclosure Crisis Primer

(Oct. 15) -- The American housing mess just keeps getting messier. Even as federal and state governments ratchet up investigations into the way banks and the mortgage-servicing industry move to seize the homes of owners who failed to make payments, the pace of foreclosures is picking up. And just over two years after a...

Nearly 50 Percent Leave Mortgage-Aid Program

WASHINGTON (Aug. 20) -- Nearly half of the 1.3 million homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday's report from the Treasury Department suggests the...

More Foreclosures Expected as Housing Crisis Continues

(July 29) -- In the first six months of this year, households in most of the country's largest 200 cities received more foreclosure warnings than in the first half of 2009, The Associated Press reports. High unemployment -- 9.5 percent in June, which doesn't include the millions of Americans who are no longer eligible for...

With More Foreclosures, Housing Market Far From Recovery

(July 15) -- Foreclosures hit a record high in the second quarter, reports The Los Angeles Times today. "U.S. bank repossessions increased 38 percent in the second quarter from the same period a year earlier for a record total of 269,952, according to Irvine research firm RealtyTrac. That was also a jump of 5 percent from...