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| Daren Blomquist |
IRVINE, CA, March
28, 2013 — RealtyTrac® (www.realtytrac.com),
the leading online marketplace for foreclosure properties and real estate data,
today released its first-ever U.S. Foreclosure Inventory Analysis, which shows
nearly 1.5 million U.S. properties were actively in the foreclosure process or
bank-owned (REO) in the first quarter of 2013, up 9 percent from the first
quarter of 2012 but still down 32 percent from the peak of 2.2 million in
December 2010.
“Delinquent loans that fell into a deep sleep after the
robo-signing controversy in late 2010 are gradually coming out of hibernation
following the finalization of the national mortgage settlement in April 2012,”
said Daren Blomquist, vice president at RealtyTrac.
“The settlement provided some closure regarding accepted
foreclosure processing practices, and as a result lenders have been reviving
more of these delinquent loans and pushing them into foreclosure over the past
12 months, particularly in states where a lengthy court process has resulted in
a bigger backlog of non-performing loans still in snooze mode.”
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
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