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By Natalie Sherman | March 13, 2014
Maryland's foreclosure rate remained one of the highest in the nation last month, but there are some signs the situation is starting to improve, according to a new monthly report. One in every 557 housing units in the state reported a foreclosure filing in February, up about 30 percent from a year ago, second only to Florida and almost double the national average, according to data from information firm RealtyTrac, which tracks the filings. Baltimore-Towson had the third highest foreclosure rate of the major metro areas behind Tampa-St.
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NEWS
July 17, 2014
Foreclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday. The number of homes facing bank auctions, default notices and scheduled auctions totaled 107,194 last month, down 16 percent from June 2013, according to RealtyTrac, a housing industry research firm based in Irvine, Calif. June's total was the lowest since July 2006, the company said. "Nationwide foreclosure activity in June reached an important milestone," Daren Blomquist, a RealtyTrac vice president, said in a prepared statement.
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NEWS
July 17, 2014
Foreclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday. The number of homes facing bank auctions, default notices and scheduled auctions totaled 107,194 last month, down 16 percent from June 2013, according to RealtyTrac, a housing industry research firm based in Irvine, Calif. June's total was the lowest since July 2006, the company said. "Nationwide foreclosure activity in June reached an important milestone," Daren Blomquist, a RealtyTrac vice president, said in a prepared statement.
BUSINESS
By Natalie Sherman, The Baltimore Sun | May 15, 2014
Fewer foreclosures were initiated in Maryland last month than in any month so far this year, even as the number of completed foreclosures climbed, according to a monthly report published Thursday. The figures could suggest that the state's backlog of foreclosure suits -- typically cited as the reason for Maryland's persistently high foreclosure rate -- has started to be cleared from the system. Maryland has experienced 22 months of year-over-year increases in foreclosure activity as measured by foreclosure filings, contributing to a foreclosure rate that was the second highest in the nation last month for the third month in a row, according to an analysis by real estate information firm RealtyTrac.
BUSINESS
By Natalie Sherman, The Baltimore Sun | May 15, 2014
Fewer foreclosures were initiated in Maryland last month than in any month so far this year, even as the number of completed foreclosures climbed, according to a monthly report published Thursday. The figures could suggest that the state's backlog of foreclosure suits -- typically cited as the reason for Maryland's persistently high foreclosure rate -- has started to be cleared from the system. Maryland has experienced 22 months of year-over-year increases in foreclosure activity as measured by foreclosure filings, contributing to a foreclosure rate that was the second highest in the nation last month for the third month in a row, according to an analysis by real estate information firm RealtyTrac.
BUSINESS
By Natalie Sherman and Scott Dance, The Baltimore Sun | April 10, 2014
Even as the housing market recovers nationwide, echoes of the mortgage lending crisis continue to reverberate in Maryland, home to the nation's second-highest foreclosure rate last month. One in every 527 housing units in the state was touched by a foreclosure filing in March, the 21st consecutive month of year-over-year gains and the second highest rate in the country behind Florida, according to a monthly report by RealtyTrac, a California real estate firm. Meanwhile, median home prices in the Baltimore region remained flat, and distressed properties continued to make up an elevated share of sales, according to new reports on the regional housing market released Thursday.
BUSINESS
By Steve Kilar, The Baltimore Sun | June 22, 2013
Maryland's housing market is improving, but many homeowners still face trouble. Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the largest year-over-year increase — 229 percent — in foreclosure starts in May. "Every day, we just get a lot of struggling, hurting, scared homeowners," said Owen Jarvis, an attorney with the St. Ambrose Housing Aid Center in Baltimore.
NEWS
By Timothy B. Wheeler, The Baltimore Sun | February 24, 2014
Civil rights groups are pressing lawmakers in Annapolis to impose a six-month moratorium on home foreclosures, as the number of cases has surged in Maryland. But a banker's group and the O'Malley administration contend that there's already plenty of help available for struggling homeowners, and that the housing market can't fully rebound until delinquent mortgages are dealt with. Maryland had the third-highest foreclosure rate in the country last month, according to RealtyTrac, a firm that monitors such activity.
BUSINESS
By Natalie Sherman, The Baltimore Sun | December 20, 2013
After losing her job as a teacher, Guernica Williams tried for months to get her bank to modify the mortgages on her Windsor Mills home. When her unemployment insurance ended in 2012 and she defaulted, she kept trying, leaving voice mails for a changing roster of case managers and repeatedly submitting documents. In September, she met with a Wells Fargo representative at a court-administered mediation session, where she received assurances that the bank would review her loan, if she submitted additional documents.
BUSINESS
By Jamie Smith Hopkins and Jamie Smith Hopkins,SUN REPORTER | December 6, 2007
Gov. Martin O'Malley's foreclosure task force used a sobering statistic in its new report: The number of foreclosure events in Maryland, it said, is up 344 percent from last year. Maryland's auctioneers say that's nowhere near what they're seeing. Alex Cooper Auctioneers Inc., Harvey West Auctioneers LLC and Express Real Estate Auctions, which handle the vast majority of foreclosure sales in the state, provided numbers to The Sun that show they together had 48 percent more foreclosure auctions scheduled in the spring than a year earlier, the same time period noted in the task force's report last week.
BUSINESS
By Natalie Sherman and Scott Dance, The Baltimore Sun | April 10, 2014
Even as the housing market recovers nationwide, echoes of the mortgage lending crisis continue to reverberate in Maryland, home to the nation's second-highest foreclosure rate last month. One in every 527 housing units in the state was touched by a foreclosure filing in March, the 21st consecutive month of year-over-year gains and the second highest rate in the country behind Florida, according to a monthly report by RealtyTrac, a California real estate firm. Meanwhile, median home prices in the Baltimore region remained flat, and distressed properties continued to make up an elevated share of sales, according to new reports on the regional housing market released Thursday.
BUSINESS
By Natalie Sherman | March 13, 2014
Maryland's foreclosure rate remained one of the highest in the nation last month, but there are some signs the situation is starting to improve, according to a new monthly report. One in every 557 housing units in the state reported a foreclosure filing in February, up about 30 percent from a year ago, second only to Florida and almost double the national average, according to data from information firm RealtyTrac, which tracks the filings. Baltimore-Towson had the third highest foreclosure rate of the major metro areas behind Tampa-St.
NEWS
By Timothy B. Wheeler, The Baltimore Sun | February 24, 2014
Civil rights groups are pressing lawmakers in Annapolis to impose a six-month moratorium on home foreclosures, as the number of cases has surged in Maryland. But a banker's group and the O'Malley administration contend that there's already plenty of help available for struggling homeowners, and that the housing market can't fully rebound until delinquent mortgages are dealt with. Maryland had the third-highest foreclosure rate in the country last month, according to RealtyTrac, a firm that monitors such activity.
BUSINESS
By Natalie Sherman, The Baltimore Sun | December 20, 2013
After losing her job as a teacher, Guernica Williams tried for months to get her bank to modify the mortgages on her Windsor Mills home. When her unemployment insurance ended in 2012 and she defaulted, she kept trying, leaving voice mails for a changing roster of case managers and repeatedly submitting documents. In September, she met with a Wells Fargo representative at a court-administered mediation session, where she received assurances that the bank would review her loan, if she submitted additional documents.
BUSINESS
By Steve Kilar, The Baltimore Sun | June 22, 2013
Maryland's housing market is improving, but many homeowners still face trouble. Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the largest year-over-year increase — 229 percent — in foreclosure starts in May. "Every day, we just get a lot of struggling, hurting, scared homeowners," said Owen Jarvis, an attorney with the St. Ambrose Housing Aid Center in Baltimore.
BUSINESS
By Jamie Smith Hopkins and Jamie Smith Hopkins,Sun reporter | October 12, 2007
The number of Maryland properties about to be put on the foreclosure auction block more than tripled last month from a year earlier, as homeowners struggle with the one-two punch of mortgages they can't afford and homes they can't quickly sell. About 1,730 notices of impending auction were issued last month, up from about 550 in September 2006, Irvine, Calif.-based RealtyTrac Inc. said yesterday. The number of properties taken back by lenders last month after no one bought them at auction increased 10-fold from September 2006, to about 220. Though some might be commercial properties, the great majority are homes, the company said.
BUSINESS
By McClatchy-Tribune | August 15, 2007
WASHINGTON -- A central California agricultural town, the automobile capital of the world and a down-on-its-luck gambling hot spot had the nation's highest rates of foreclosure filings for the first half of 2007, according to real estate data released yesterday. Stockton, Calif., Detroit and Las Vegas - three areas with vastly different economies and demographic trends - have all been hit hard by the nation's growing foreclosure crisis, which is ravaging both major urban areas and middle America.
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