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Foreclosures in 2011 to break last year’s record: RealtyTrac

2010's record-breaking foreclosure crisis: By the numbers – Banks seized more than 1 million homes last year, and industry experts say 2011 could be even worse. home foreclosures reached record levels in 2010.. Number of homes that RealtyTrac.

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NEW YORK (CNNMoney) — Foreclosure filings plunged in January, but don’t shake those pom-poms yet. It’s strictly a fake out. The number of homes receiving foreclosure filings — default notices.

In November, that number dipped below the 300,000 mark for the first time in nearly two years, and has yet to bounce back.

RealtyTrac is a real estate information company and an online marketplace for foreclosed and defaulted properties in the United States. It was founded in 1993 and is based in Irvine, California.It publishes a monthly U.S. Foreclosure Market Report. In November 2011 Renovo Capital LLC, a private equity firm, bought a majority stake in the company and formed a new company, Renwood RealtyTrac LLC.

Some 907,138 sales were made last year of foreclosed-upon homes and others that were in some stage of the process. They represented about 23 percent of all home sales in 2011, foreclosure listing firm.

Foreclosure freezes spur record declines in activity: RealtyTrac – U.S. foreclosure activity dropped to its lowest level in nearly two years in November, as the country’s biggest lenders put the breaks on their proceedings amid allegations that they’d been taking

RealtyTrac said the average foreclosure took 352 days last year in California, down from a peak of 363 in 2010. By contrast, the foreclosure timeline was 806 days in Florida and 1,019 days in New York, both of which require extensive court review of foreclosures.

RealtyTrac: Bad 2010 to be followed by worse 2011. A record number of households received a foreclosure notice last year. Banks took possession of a record number of homes.

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RealtyTrac predicts that there will be a record number of foreclosures in 2011, after reaching a high last year, reports CNBC. RealtyTrac predicts that there will be a record number of.

The housing crisis could peak in 2011, as the number of homeowners receiving foreclosure notices climbs about 20%, putting a further drag on prices, according to the latest forecast from.

RealtyTrac says. In total, S.C. 33,063 residences faced foreclosure last year. Nationwide, foreclosures filings were reported on a record 2.87 million U.S. residences, or one in every 45 homes. That’s.

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