Experts Speculate on Foreclosure Discounts



The general consensus is that foreclosures will soon pick up again, as lenders look to start getting through the huge backlog of troubled loans they have amassed over the last year and a half. This expectation has led to a number of analysts wondering what the impact on overall home prices will be.

Foreclosure Filings Pick Up Steam



January saw the number of foreclosures on the market increase once again, as banks steadfastly work through the huge number of backlogs which resulted from highly publicized cases of foreclosure abuse, according to the latest stats from RealtyTrac.

Foreclosure Rates Down in 2011, says RealtyTrac



The number of foreclosures filed last year dropped by almost 33%, falling to the lowest level in four years, according to new data from RealtyTrac. Throughout 2011, one out of every 69 homes were foreclosed on, while lenders repossessed a total of 804,000 homes – compared to last year’s total of 1.05 million homes being repossessed, when the foreclosure crisis was at its peak.

Chicago Begins Renovating and Renting out Foreclosed Condos



Cities across the US are grappling with the same question: What to do with all of those homes left vacant by the large number of foreclosures? While government agencies at a national level struggle to put together a coherent program for transforming foreclosed homes into rental properties, it seems that some cities are already taking matters into their own hands.

Foreclosure Process Takes Twice as Long



The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.

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