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| Daren Blomquist |
IRVINE, CA— RealtyTrac® (www.realtytrac.com),
the leading online marketplace for foreclosure properties, today released its
U.S. Foreclosure Market Report™ for September and the third quarter of 2012,
which shows foreclosure filings — default notices, scheduled auctions and bank
repossessions — were reported on 180,427 U.S. properties in September, a
decrease of 7 percent from the previous month and down 16 percent from
September 2011. September’s total was the lowest U.S. total since July 2007.
The decrease in September helped drop the third quarter
foreclosure numbers to the lowest level since the fourth quarter of 2007.
Foreclosure filings
were reported on 531,576 U.S. properties during the quarter, a decrease of 5
percent from the second quarter and a decrease of 13 percent from the third
quarter of 2011 — the ninth consecutive quarter with an annual decrease in
foreclosure activity.
The report also shows one in every 248 U.S. housing units
with a foreclosure filing during the quarter.
“We’ve been waiting for the other foreclosure shoe to drop
since late 2010, when questionable foreclosure practices slowed activity to a
crawl in many areas, but that other shoe is instead being carefully lowered to
the floor and therefore making little noise in the housing market — at least at
a national level,” said Daren Blomquist, vice president at RealtyTrac.
“Make no mistake, however, the other shoe is dropping quite
loudly in certain states, primarily those where foreclosure activity was held
back the most last year.
For a complete copy of the company’s news release and full
statistics, please contact:
Media Contacts:
Christine Stricker
949.502.8300, ext. 268
Jennifer von Pohlmann
949.502.8300, ext. 139
Historical & Detailed Data
Tyler White
949.502.8300 ext. 158
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