[IMGCAP(1)]
IRVINE, CA—A total of 26,889 US residentialproperties were repossessed by lenders viaforeclosure in June, a figure that is down 5% fromthe previous month and 24% from a year ago, according to a report from RealtyTrac. The current REO rateis at its lowest level since June 2007, which marks a seven-yearlow.
As GlobeSt.com reported last week, total USresidential foreclosure activitydecreased during the month of June by 2% from the previous monthand was down 16% from a year ago to the lowest level since July2006, according to a the report. USproperties with foreclosure filings in the first half of 2014decreased 19% from the previous six months and 23% from the firsthalf of 2013.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
