Industry NewsMarkets & Economy

Foreclosure filings ease in Western states

ForeclosureRadar: 'Surprising' drop in filings, rise in cancellations
Published on May 17, 2011

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Foreclosure-related filings fell during April in four of five Western states covered by ForeclosureRadar, a surprising trend given that banks have had time to resolve robo-signing issues and lenders would be expected to be trying to make up for recent delays, the company said.

Foreclosure-related filings tracked by ForeclosureRadar declined from March to April in Arizona, California, Nevada and Washington.

Oregon, however, saw notices of default jump 236 percent, to 3,719. Much of that increase was attributed to Bank of America subsidiary ReconTrust, which filed 2,840 new notice