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RealtyTrac: Foreclosure activity picked up in 120 metros

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RealtyTrac: Foreclosure activity picked up in 120 metros RealtyTrac Reports 1.9 Million Foreclosure Filings in H109 Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com.

 · Of the 206 metro areas calculated by RealtyTrac, however, only the New Orleans area made the top 100 in foreclosure rates. realtytrac surveyed areas with at least 200,000 residents.

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NEW YORK ( TheStreet) — New foreclosure activity picked up again in July, as some lenders in some states continued to adjust to new regulations and work through their backlog of problem loans.

Foreclosures are expected to pick-up as soon as banks begin to clear their backlog of troubled loans. RealtyTrac is projecting a 25 percent increase in foreclosures in 2012. If an increase does occur, some housing experts wonder how it will impact overall home prices and whether the discounts for REOs will be even larger this time around.

Florida foreclosure activity in the first quarter increased 7 percent from the previous quarter and was up 17 percent from the first quarter of 2012. Nevada foreclosure activity increased 13 percent in the first quarter compared to the previous quarter, helping the state post the nation’s second highest foreclosure rate.

All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions – warnings that can lead up to a home eventually being lost to foreclosure.

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All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. and the pace of foreclosures is.

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After months of steady decline, foreclosure activity picked up last month in Las Vegas. Las Vegas moved from No. 15 to No. 13 on RealtyTrac’s list of large metro areas with the highest foreclosure.

The nationwide year-to-year decrease was the largest in RealtyTrac’s report history, which goes back to 2005. The firm pinned the drop on halts in foreclosure activity related to. had the biggest.

After years of decreases in bank take-backs on homes in the $5 million-plus range, foreclosure activity picked up 61 percent nationally in 2013 with 192 filings, including 47 in Palm Beach.

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