BrokerageIndustry News

Top 10 metros for foreclosures

California home to 7 of 10 markets with most activity in first 6 months of 2012

The number of homes hit with foreclosure-related filings during the first six months of the year fell nearly 11 percent from the same period a year ago, to 1.05 million homes, according to public records aggregated by RealtyTrac. Compared to the second half of 2011, however, foreclosure activity was up more than 2 percent, with 1 in every 126 U.S. housing units receiving a foreclosure filing.Overall, foreclosure-related filings -- including default notices, auction sale notices and bank repossessions -- decreased in June for the 21st consecutive month. But foreclosure starts were up on a year-over-year basis for the second month in a row."Foreclosure starts began boiling over in more markets in the first half of the year, particularly in the second quarter," said Brandon Moore, CEO of RealtyTrac, in a statement. "The increases in foreclosure starts in the first half of the year will likely translate into more short sales and bank repossessions in the second half...