Category: Birmingham foreclosure defense lawyers

Foreclosure activity in Alabama falling

Across the state of Alabama, foreclosure activity has been declining. In the month of May, the number of foreclosures that were filed fell by 20.6 percent from the filings that occurred in April. According to a mortgage researcher, one in every 1,518 houses were foreclosed on in the month of May. That is a total

Foreclosures across Alabama decline in 1Q

A research firm specializing in foreclosures has reported that foreclosures in the state of Alabama declined during the first quarter of 2012. The foreclosures declined by 18.6 percent in Alabama, as compared to the first quarter in 2011, and totaled 4,534 applications for the first quarter of 2012. The results of the research regarding national

Foreclosure activity continues to fall in 2012

Foreclosure activity has continued to decrease on a year-over-year basis in Alabama in 2012. According to a RealtyTrac report, January’s foreclosure activity was lower than it was a year before. Last month, 1,489 foreclosure filings were filed throughout the state. This was 9.3 percent lower compared to foreclosure filings filed in January 2011. However, foreclosure

Mortgage delinquencies and foreclosures decrease in Birmingham

According to foreclosure research company CoreLogic, foreclosures and mortgage delinquencies decreased in Birmingham in November. In November, the foreclosure rate on outstanding mortgage loans in the metro Birmingham area was 1.58 percent.  The foreclosure rate in Birmingham was 1.81 percent in November 2010.  The national foreclosure rate in November 2011 was 3.41 percent. Mortgage delinquencies

Foreclosure rate down by 21 percent in Alabama in 2011

According to a recent report by foreclosure research firm RealtyTrac, the rate of foreclosure in Alabama was 21 percent lower in 2011 than in 2010.  Last year, Alabama had the 31st lowest foreclosure filing rate in the country. In total, 16,487 foreclosures were filed in Alabama last year.  The rate of foreclosure for 2011 was

Foreclosure rate doubled from last year

According to the latest data from Fitch Ratings, foreclosures are almost two times as high as they were at the same time last year. The agency uses Residential Mortgage-Backed Security, or RMBS, Performance Metric.  Their most recent findings indicate that the rate of foreclosure on homes with delinquent mortgages has increased to 10 percent a

Foreclosure filings up in third quarter

Recent data shows that nationwide foreclosure filings increased in the third quarter of this year.  This is the first quarter that foreclosure filings have increased since the last quarter of 2010. 1 in 213 properties in the United States were foreclosed upon in the third quarter of 2011.  In total, 610,337 properties were repossessed. Experts

Foreclosures down by 29 percent in August

Real estate research firm RealtyTrac recently reported that foreclosure filings experienced a 29 percent year-over-year decrease in Alabama in August. Last month, a total of 1,358 foreclosures were filed in the state.  711 of the foreclosure filings were notice of trustee sales and 647 of the foreclosure filings were real estate-owned properties. In addition, 1

Birmingham-Hoover foreclosure rate increasing

A recent report from CoreLogic says that the foreclosure rate in the Birmingham-Hoover metro area is increasing. In June, the foreclosures in the area increased by 1.67 percent from May.  In addition, June foreclosures in Birmingham-Hoover were 1.43 percent higher than the number of foreclosures in the area in June 2010. The foreclosure rate for

Foreclosure filings down across country

According to the Birmingham Business Journal, foreclosure filings in the U.S. have decreased by 25 percent over the past 6 months. Furthermore, looking at comparing the first 6 months of 2011 to the first 6 months of 2010, the country has experienced a 29 percent drop in foreclosure filings. Foreclosure data was complied in RealtyTrac’s