RealtyTrac, an online marketplace for foreclosure properties, has released its U.S. Foreclosure Market Report for July 2010, which shows that foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 325,229 properties in July, a nearly four percent increase from the previous month, but a nearly 10 percent decrease from July 2009. One in every 397 U.S. housing units received a foreclosure filing during the month.Read more

RealtyTrac, an online marketplace for foreclosure properties, has released its first U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for 31 percent of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in some stage of foreclosure was nearly 27 percent below the average sales price of properties not in the foreclosure process.Read more

It is becoming significantly more difficult for those attempting to sell or refinance a home to get an appraised value that meets lender requirements to qualify for a loan. This development is impacting borrowers’ abilities to purchase or refinance homes, and is slowing the stabilization of the housing market. The roots of this growing problem are a lack of comparable home sales data due to a reduction in the number of non-distressed home sales, and significant increases in the sales of foreclosed homes and short sales.Read more

RealtyTrac, an online marketplace for foreclosure properties, has released its U.S. Foreclosure Market Report for May 2010, which shows that foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 322,920 properties in May, a three percent decrease from the previous month and an increase of less than one percent from May 2009. One in every 400 U.S. housing units received a foreclosure filing during the month.Read more

The Distressed Property Institute LLC, hosted nearly 700 real estate professionals at its national convention, CDPE Momentum 2010 in Tempe, Ariz. Leaders from Bank of America, Wells Fargo, Prospect Mortgage, Fidelity National Title and RealtyTrac were on hand to provide industry updates and information to help agents better assist distressed homeowners. “Since 2008, the CDPEs nationwide have helped hundreds of thousands of homeowners avoid foreclosure,” said Alex Charfen, chief executive officer of the Distressed Property Institute LLC.Read more

A newly launched foreclosure Web site from ForeclosureTek Inc. is aiming to help people struggling homeowners nationwide. Originally founded in 2006 by Lawrence Cipollone Jr. as United Foreclosure Solutions, the site has a new concept and ideology. Cipollone predicted the monumental crash in the housing market as well as the economy. "I knew there was a crisis coming and people would need direction and fast."Read more

The Advertising Council, in partnership with NeighborWorksAmerica, has announced the launch of new national public service advertisements (PSAs) designed to educate homeowners about where they can turn for help if they are at risk of foreclosure. The campaign encourages distressed homeowners to call the Homeowner’s HOPE Hotline, a free resource that helps homeowners facing foreclosure move closer to finding a resolution.Read more

RealtyTrac, an online marketplace for foreclosure properties, has released its U.S. Foreclosure Market Report for April 2010, which shows that foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 333,837 properties in April, a nine percent decrease from the previous month and a two percent decrease from April 2009. One in every 387 U.S. housing units received a foreclosure filing during the month.Read more

REO Traders, a Web site dedicated to offering a free service that helps first-time homebuyers, realtors and investors find properties to buy and sell across the United States, has been launched. The foreclosure market rose dramatically in 2009 with 2.8 million foreclosure filings, and according to RealtyTrac, the foreclosure rate has increased another seven percent just in the first quarter of 2010. "We wanted to satisfy the need for a community that makes buying and selling properties across the country easier ...Read more

We Save Homes Inc., a provider of a full-range of products and services for the mortgage default services industry has announced that it has launched a significant infomercial marketing campaign, reaching out to millions of homeowners who are now behind on their mortgage payments. The campaign, which is focused on the short sale marketplace, will be live by mid-May, starting with a 60-sec. commercial, followed by the launch of a 30-min. infomercial. Read more