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Early Stage Foreclosure Filings up Nationwide and in Most States

While overall foreclosure activity overall
continued its now years-long decline from housing crisis peaks there was a
significant year-over-year increase in foreclosure starts.  RealtyTrac says in its November U.S. Foreclosure Market Report that 55,906 properties started the foreclosure process during the
month, a decrease of 1 percent from October but a 6 percent increase from a
year ago.  This was the first such
increase after 27 consecutive months of year-over-year declines.  

RealtyTrac
also said that the 2012 vintage of mortgages is not performing as well as some
of its predecessors.  The company however
did not link this to the recent increase in early stage defaults.

 

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