Foreclosure Activity Up Last Month but Down Year on Year



A recent report released by RealtyTrac shows the number of default notices, bank repossessions and scheduled auctions that were reported in the US in August, reached a figure of 116,913 properties. This is an increase of 7% compared to July, but is still 9% lower than a year earlier. Last month a total of 51,192 […]

RealtyTrac: Foreclosure Crisis “Well Past It’s Peak”



There’s still some way to go but all the signs are that the foreclosure crisis is finally coming to an end. Latest figures from RealtyTrac show that foreclosure filings have continued their downward trend, falling to the lowest level since April 2007 at the end of last month.

Bid-Rigging Investors Plead Guilty To Fixing Foreclosure Auctions



Eight real estate investors in California have agreed to make guilty pleas in relation to a scam where they rigged the bidding in auctions on foreclosed properties in San Francisco, say federal officials.   Prosecutors claim that the investors operated their scheme for a three year period up until early 2011, agreeing not to bid against each […]

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