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RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its U.S. Foreclosure Market Report™ for February 2014, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 112,498 U.S. properties in February, a 10 percent decrease from January and down 27 percent from February 2013 to the lowest monthly total since December 2006 — a more than seven-year low.

RealtyTrac also included updated information on the number of owner-vacated properties in the foreclosure process as part of the report. As of the first quarter of 2014, a total of 152,033 U.S. properties in the foreclosure process (excluding bank-owned properties) had been vacated by the distressed homeowner, representing 21 percent of all properties in the foreclosure process. These owner-vacated foreclosures — sometimes called zombie foreclosures — had been in the foreclosure process an average of 1,031 days.

  



                                                                                                                                                                                                                                                                               

 
  

Did you know that 12% of conventional-no PMI mortgage closings are missed or delayed, but 25% of FHA closings are missed or delayed?   The conventional mortgage can operate more smoothly de to the buyer having much more skin (money) in the transaction.

 


  

 


30-Year FRM Rates 1971 - 2012:
30-Year FRM Rates 1971 - 2012
 

'Reproduced with the permission of Mortgage-X.com'

 

 

 

 

 

 

 

 

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