 |
| Daren Blomquist |
IRVINE, CA – March 14, 2013 — RealtyTrac® (www.realtytrac.com), the leading online
marketplace for foreclosure properties and real estate data, today released its
U.S. Foreclosure Market Report™ for February 2013, which shows foreclosure
filings — default notices, scheduled auctions and bank repossessions — were
reported on 154,281 U.S. properties in February, an increase of 2 percent from
the previous month but still down 25 percent from February 2012.
The report also shows one in every 849 U.S. housing units
with a foreclosure filing during the month.
“At a high level the U.S. foreclosure inferno has been
effectively contained and should be reduced to a slow burn in the next two
years,” said Daren Blomquist, vice president at RealtyTrac.
“But dangerous
foreclosure flare-ups are still popping up in states where foreclosures have
been delayed by a lengthy court process or by new legislation making it more
difficult to foreclose outside of the court system.
“Foreclosure starts have been steadily building in those
states over the last several months and likely will end up as bank
repossessions or short sales later this year.”
For a complete copy of the company’s news release, please
contact:
Jennifer von Pohlmann
949.502.8300, ext. 139
Ginny Walker
949.502.8300, ext. 268
Data and Report Licensing:
Data Sales Department
800.462.5193
No comments:
Post a Comment