The number of homes entering the foreclosure pipeline picked up after last year’s national mortgage settlement, a new report by foreclosure data aggregator RealtyTrac suggests.

RealtyTrac’s first-ever U.S. Foreclosure Inventory Analysis showed nearly 1.5 million U.S. properties were either in some stage of the foreclosure process or had been repossessed by lenders in the first quarter. That’s a 9 percent jump from the same time a year ago, but still well below a December, 2010 peak of 2.2 million homes, RealtyTrac said.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top