- Cities With Highest Foreclosure Rates (U.S. News)
"Foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 259,085 U.S. properties during the month, a 7 percent decrease from the previous month but still up 28 percent from November 2007. The report also shows one in every 488 U.S. housing units received a foreclosure filing in November…." 12-08
- Foreclosures "Not as Bad as You Think" (Time.com)
"Still another part has to do with how foreclosures are handled: in states that require a “judicial process” — where the foreclosure process takes place via legal filings — foreclosures are tending to snail, rather than snake, their way through the courts."
"For example, the average time to process a foreclosure in New Jersey, a judicial foreclosure state, is now more than 900 days, according to Realty Trac."
"So the most interesting data to me is what’s coming out of Florida. That’s the hardest-hit state in terms of the housing crisis — home, if you will, to nearly one-quarter of the foreclosures in the country."
"Also, Florida is a judicial foreclosure state, so it’s got a long timeline for clearance. As of the first quarter, it was taking an average of 619 days to process Florida foreclosures." 06-11
- U.S. Spent Tiny Fraction of Foreclosure Prevention Program (MSNBC News)
"When the Obama administration launched its flagship foreclosure prevention program in early 2009, it pledged to spend up to $50 billion helping struggling homeowners. But the government has so far only spent a tiny fraction of that." 11-10