Tuesday, February 8, 2011

2010 Foreclosure Report for your neighborhood

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RealtyTrac (logo) The Foreclosure Authority™    
Foreclosures may be close to peaking nationwide
Record 1 million REOs in 2010, but defaults drop 20 percent.
Lenders foreclosed on more than 1 million U.S. properties in 2010, a record number since RealtyTrac began tracking foreclosure activity in 2005.
View top 10 states for REOs
Meanwhile default notices dropped 20 percent from 2009 to 2010, indicating that this foreclosure cycle could peak in 2011 as lenders finally are able to clear the backlog of distressed loans built up over the past five years - although the risks of unemployment, negative equity and resetting ARM loans could trigger further foreclosure aftershocks.
Video: 2010 Year-End Foreclosure Report
Find foreclosure stats and bargains in your neighborhood.
See what happened with foreclosures in your neighborhood in 2010 with RealtyTrac Stats & Trends, which allows you to see current and historical foreclosure activity - and compare foreclosure rates across different geographies - for any state, county, city or ZIP code nationwide.
Video: Stats & Trends Overview
And you can use our powerful foreclosure search to find specific foreclosure properties in your neighborhood - or anywhere nationwide. If you're interested in buying, we provide the analytics to help you make a smart decision and the transactional tools to help you complete a successful purchase.
Start your 7-Day Free Trial with RealtyTrac for full access to the foreclosure search and Stats & Trends.
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