Florida foreclosures up 35 percent in July

Florida has set up foreclosure-only courts to reduce a huge backlog, but. began in July, is to reduce the foreclosures backlog by 62 percent within a year.. $58.5 million in cash and $35 million after the transaction closed,

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The foreclosure situation in Connecticut seemed to be improving, as bank-owned foreclosures fell 35.8% from March 2016 to March 2017. But in the last year, bank home foreclosures are rose 6.3%, greasing the skids for the Nutmeg State to make this "top 10" list.

A total of 30,187 U.S. properties started the foreclosure process for the first time in July, up 1 percent from the previous month and up less than 1 percent from a year ago – the first year-over-year increase in foreclosure starts nationwide following 36 consecutive months of year-over-year decreases.

The U.S. foreclosure pre-sale inventory rose to 0.57 percent in July, up by 0.73 percent from June but down by more than 27 percent from a year ago. Black Knight noted though starts rose nationwide, foreclosure referrals in hurricane-affected areas of Texas increased by a higher-than-average 19 percent.

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The United States housing bubble was a real estate bubble affecting over half of the U.S. states.. Freddie Mac CEO Richard Syron concluded, "We had a bubble ", and.. And a few cities in Florida and California, where home prices soared to. in an area with multiple foreclosures can result in a 10 percent to 20 percent.

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One in every 328 Florida homes was in some stage of foreclosure, more than three times the national average. The state also led the U.S. in total filings with 27,266, up 7 percent from a year earlier.

Foreclosures in Broward are also falling. The foreclosure rate there was 3.35 percent in May, down from 3.54 percent in April and 6.14 percent in May 2014, CoreLogic found. Explore where you live.

Florida, Michigan. 13 posted an annual increase in foreclosure activity in May, including Dallas (up 64 percent), St. Louis (up 56 percent), Baltimore (up 35 percent), New York (up 34 percent),

DC Foreclosure Activity Increases 60 Percent From Year Ago, Bucking U.S. Trend; Foreclosure Activity Up in 13 Percent of Metros Including Houston, OKC, Hartford: Q2 Foreclosure Activity Below Pre-Recession Levels in 49 Percent of Metros IRVINE, Calif. – July 20, 2017 – ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released.