January Foreclosure Rate Down in Florida
RealtyTrac has released the January 2010 foreclosure filings numbers, which include default notices, scheduled auctions and bank repossessions. The numbers nationwide are 315,716 U.S. properties during the month, a decrease of nearly 10% from the previous month but still 15% above the level reported in January 2009. The report also shows one in every 409 U.S. housing units received a foreclosure filing in January.
As reported by RisMedia, "REO activity nationwide was down 5% from the previous month but still up 31% from January 2009; default notices were down 12% from the previous month but still up 4% from January 2009; and scheduled foreclosure auctions were down 11% from the previous month but still up 15% from January 2009."
Nevada, Arizona, California, and Florida are still the top 4 in foreclosure rates. But there was good news in January. Foreclosure activity decreased by double-digit percentages from the previous month in both states, and they registered nearly identical foreclosure rates—one in every 187 housing units receiving a foreclosure filing. California’s foreclosure rate was statistically higher by a slim margin and ranked third highest among the states while Florida’s foreclosure rate ranked fourth highest.
California, Florida, Arizona which made up more than 44% of the national total. Others with high figures were Illinois, Michigan, Nevada, Georgia, Ohio, New Jersey, Idaho, Oregon, and Utah.
“January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in December foreclosure activity followed by a 10% drop in January,” said James J. Saccacio, chief executive officer of RealtyTrac “If history repeats itself we will see a surge in the numbers over the next few months as lenders foreclose on delinquent loans where neither the existing loan modification programs or the new short sale and deed-in-lieu of foreclosure alternatives works.”
For details, visit RealtyTrac. If you are having trouble making your mortgage payments on your Daytona Beach or Ormond Beach home, remember, you DO have options to foreclosure! Contact me when you first feel overwhelmed and anxious. Read about the foreclosure process and what else you can do on my web page, Bank-Owned Homes.
Then call or email today before you get too far behind on your Daytona Beach real estate.
Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.sherryarmstrong.com