Topic: Rick Sharga

Foreclosures up in 75 percent of top U.S. metro areas

NEW YORK (Reuters) - Foreclosures rose in 3 of every four large U.S. metro areas in this year's first half, likely ruling out sustained home price gains until 2013, real estate data company RealtyTrac said on Thursday. Unemployment was the main culprit ...

Banks repossess homes at record pace: RealtyTrac

NEW YORK (Reuters) - Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday. The root problems of job losses ...
US homes lost to foreclosure on track to eclipse '09 levels as banks work through backlogMore than 1 million American households are likely to lose their homes to foreclosure this year, as lenders work their way through a huge backlog of borrowers ...

U.S. foreclosures near record, peak in late '10: report

NEW YORK (Reuters) - U.S. mortgage foreclosure filings in August hovered near July's record high despite broad efforts to keep borrowers in their homes and will probably rise for another year, according to a report released on Thursday. Filings -- including notices ...
US foreclosures rise in Feb. from month earlier and remain 30 percent above last year's levelsDespite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year's levels, ...