The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
More than 100,000 U.S. homes were seized by lenders in September, a record number that probably will decline in coming months as major banks halt repossessions and review their foreclosure practices. Lenders took over 102,134 properties last month, RealtyTrac Inc. said in a report today. That was the highest monthly tally since the company began tracking the data in 2005, surpassing the August record of 95,364. Foreclosure filings, including default and auction notices, rose 3 percent from the prior month to 347,420. One out of every 371 households received a notice. Sales of properties in the foreclosure process accounted for almost a third of all U.S. transactions in the month, a sign that a prolonged delay in repossessions may hurt the housing market, RealtyTrac said. Bank of America Corp., the largest U.S. lender, said Oct. 8 it would curtail foreclosures across the country, while JPMorgan Chase & Co. and Ally Financial Inc. stopped seizures in 23 states where court approval is required.
Lenders took over 102,134 properties last month, RealtyTrac Inc. said in a report today. That was the highest monthly tally since the company began tracking the data in 2005, surpassing the August record of 95,364. Foreclosure filings, including default and auction notices, rose 3 percent from the prior month to 347,420. One out of every 371 households received a notice.
Sales of properties in the foreclosure process accounted for almost a third of all U.S. transactions in the month, a sign that a prolonged delay in repossessions may hurt the housing market, RealtyTrac said. Bank of America Corp., the largest U.S. lender, said Oct. 8 it would curtail foreclosures across the country, while JPMorgan Chase & Co. and Ally Financial Inc. stopped seizures in 23 states where court approval is required.
I say "Foreclusures down by record numbers - BUY STOCKS NOW" Never underestimate their intelligence, always underestimate their knowledge.
Frank Delaney ~ Ireland
Equities, being traded now exclusively by Fed-frontrunning retards and virus-infested robots, are a little slow." Prophetically, the equity slowness has finally caught up with reality, and BofA and Wells stocks are tumbling.
Are the Bank Foreclosure "Moratoriums" More PR than Real? « naked capitalism
Or have they? Florida is a judicial foreclosure state, and local reports suggest the banks are still moving forward with foreclosures. Note the inconsistencies between the statements of the bank employees versus the action on the ground. From the Fort Myers News Press:. JPMorgan Chase & Co. and Bank of America Corp., along with some smaller lenders, have announced that they were holding off on court-based foreclosures... But in Lee County, court records show both of those banks have continued to get court judgments allowing the sale of mortgages on foreclosed houses at public auction.
JPMorgan Chase & Co. and Bank of America Corp., along with some smaller lenders, have announced that they were holding off on court-based foreclosures... But in Lee County, court records show both of those banks have continued to get court judgments allowing the sale of mortgages on foreclosed houses at public auction.
But in Lee County, court records show both of those banks have continued to get court judgments allowing the sale of mortgages on foreclosed houses at public auction.
by DoDo - May 20 9 comments
by Nomad - May 10 14 comments
by JakeS - May 15 7 comments
by Metatone - May 14 85 comments
by ARGeezer - May 16 13 comments
by gmoke - May 17 1 comment
by DoDo - May 12 10 comments
by Migeru - May 6 100 comments
by DoDo - May 209 comments
by gmoke - May 171 comment
by ARGeezer - May 1613 comments
by JakeS - May 157 comments
by Metatone - May 1485 comments
by DoDo - May 1210 comments
by Nomad - May 1014 comments
by Migeru - May 78 comments
by marco - May 782 comments
by Migeru - May 6100 comments
by Ted Welch - May 35 comments
by afew - May 340 comments
by ceebs - May 26 comments
by gmoke - Apr 301 comment
by Frank Schnittger - Apr 3067 comments
by joelado - Apr 2954 comments
by Metatone - Apr 2854 comments
by ATinNM - Apr 275 comments
by ceebs - Apr 265 comments
by Frank Schnittger - Apr 2686 comments