Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN MOBILE AL – 05/21/2012 list has been posted.
These are Single Family Homes ‘Active’ on the Mobile AL MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!
I hope you have an awesome day, packed with smiles while searching for your active Mobile AL Real Estate Dream.
Foreclosure activity nationwide continued to fall in April, though foreclosure-related filings in the 26 states where courts handle the process jumped, according to a report from foreclosure data aggregator RealtyTrac.
One in every 698 U.S. housing units, or a total of 188,780 properties, were subject to a foreclosure-related filing in April, such as a default notice, scheduled auction or bank repossession. That’s down 5 percent from March and 14 percent from April 2011, and the lowest monthly total since July 2007, RealtyTrac said.
Foreclosure-related filings were up 15 percent from a year ago in 26 judicial foreclosure states where courts handle filings. In the 24 nonjudicial foreclosure states and Washington, D.C., filings were down 29 percent from a year ago.
The nation’s five biggest mortgage servicers — Ally Financial, Bank of America, Chase, Citigroup and Wells Fargo — have had a much higher ratio of pre-foreclosure sales to sales of bank-owned homes (REOs) in recent months, RealtyTrac said. The five are averaging less than 1.5 REOs for every pre-foreclosure sale, compared with more than 2.5 REO sales for every pre-foreclosure sale among other lenders and servicers, the report said.
On the heels of the government’s $25 billion settlement with the big five servicers over so-called “robo-signing” practices, some industry observers predicted a rise in short sales because the settlement allows loan servicers to receive credit when they approve sales that include forgiveness of a portion of underwater homeowners’ debt.
Overall foreclosure starts — properties receiving their first foreclosure filing, either a default notice or scheduled auction, depending on the state — declined 2 percent year over year in April to 97,665. The number of properties repossessed by lenders fell on a yearly basis for the 18th straight month in April. REOs fell by 26 percent last month to 51,415.