Industry News

Real estate foreclosures jump 13.5 percent in December

Texas tops list with 12,753 properties in foreclosure process

RealtyTrac, an online marketplace for foreclosure properties, today announced that foreclosures increased 13.5 percent nationwide from November to December.   About 81,290 properties – a rate of one new foreclosure for every 1,422 U.S. households – entered some stage of foreclosure in December, which was the highest foreclosure rate reported in 2005, according to RealtyTrac's latest Monthly U.S. Foreclosure Market Report.   RealtyTrac publishes a national database of pre-foreclosure and foreclosure properties, with more than 550,000 properties from over 2,400 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and HomeGain.com.   "December's higher US foreclosure rates were almost exactly the same foreclosure rates reported in October, which means that the two months with the highest numbers of foreclosures were both in the fourth quarter of 2005," said James J. Saccacio, chief executive of...