Wednesday, November 9, 2011

20 markets with a new wave of foreclosures

RealtyTrac Monthly Newsletter - November 2011
 
Top 20 New-Wave Foreclosure Markets

TOP STORY OF THE MONTH

TOP 20 NEW-WAVE FORECLOSURE MARKETS
Thanks to processing delays and a lackluster economic outlook for the short term, foreclosures are expected to continue to cast a shadow on the nation's housing market well into 2014. Here are the top 20 markets where banks are starting to push through a new wave of foreclosures to help clear a backlog of distressed properties. See the Top 20
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Third Quarter 2011 Foreclosure Report
THIRD QUARTER 2011 FORECLOSURE REPORT:
FORECLOSURE TIMELINES GETTING LONGER

The number of default notices weren't the only thing that rose in the third quarter; the foreclosure timeline in many markets grew longer as did the average time to sell foreclosures.

Longest State Foreclosure Timelines
 
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