BrokerageIndustry News

Foreclosure activity shows signs of ramping up in Q3 (CHARTS)

RealtyTrac: Default notices rise 14% from second quarter
Published on Oct 13, 2011

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by CareyBot

In the third quarter, a downward trend in nationwide foreclosure activity showed signs of reversing, according to the latest report from foreclosure data site RealtyTrac. At the same time, foreclosure processing and sales timelines hit record highs, the report said.

After three straight quarters of declines, foreclosure activity in the third quarter remained essentially flat compared to the second quarter, rising a slight 0.35 percent to filings on 610,337 properties. That's still a 34.4 percent decrease compared to third-quarter 2010.