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RealtyTrac reported this morning that foreclosure activity rose 3 percent in January as several states posted spikes in one or more steps in the process. Foreclosure filings were reported on a total of 210,941 U.S. properties or one in every 624 housing units during the month, however, even with the month-over-month increase in filings overall activity was 19 percent below that in January 2010. RealtyTrac, an Irvine California company, compiles a U.S. Foreclosure Market Report TM each month by tracking documents filed in the three stages of foreclosure: 1. Notice of Default (NOD) and Lis Pendens (LIS). This is the first legal notification from a lender that the borrower on a mortgage loan has defaulted under the terms of their mortgage and the lender intends to foreclose unless the loan is...()

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Posted: 2012-02-16 17:54:34

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