{"id":310762,"date":"2010-02-12T06:42:57","date_gmt":"2010-02-12T11:42:57","guid":{"rendered":"http:\/\/www.foreclosuredeals.com\/wp\/?p=4974"},"modified":"2010-02-12T06:42:57","modified_gmt":"2010-02-12T11:42:57","slug":"houses-in-foreclosure-listings-fell-but-may-surge-again","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/310762","title":{"rendered":"Houses in Foreclosure Listings Fell, but May Surge Again"},"content":{"rendered":"

The number of houses in foreclosure listings<\/a> declined across the U.S. in January this year, but may surge again, according to analysts working with a California-based real estate information provider.<\/p>\n

\"Houses<\/div>\n

Wage reduction figures and unemployment rates are still rising, putting more people into situations where they have to choose between paying for food and paying their monthly mortgage amortizations.<\/p>\n

Additionally, the Home Affordable Modification Program, which was designed to help distressed families, has not been effective in keeping people in their homes. HAMP may have modified loans for thousands of home owners, but many of these have also been redefaulting because they could not sustain the payments either because of job loss, divorce or serious illness.<\/p>\n

Another factor that will drive residential foreclosures<\/a> this year is the record number of homeowners in negative equity. According to another report, one in five mortgaged homes in the U.S. was underwater in the fourth quarter.<\/p>\n

In January, a total of 315,719 residential properties in the U.S. received default or foreclosure notices, a drop of almost 10 percent compared to December last year, but still a 15-percent increase from total notices in January last year.<\/p>\n

The number of houses in foreclosure listings also dropped by five percent from the preceding month, but climbed up by 31 percent compared to REO listings<\/a> in January 2009. Default filings dropped by 12 percent compared to December, but rose by 4 percent compared to January 2009. Similarly, the number of properties listed for foreclosure auctions<\/a> fell by 11 percent, but increased by 15 percent compared to January 2009.<\/p>\n

Nevada remained the most foreclosure battered state in the country, despite a slowdown of almost 18 percent in foreclosure pace compared to January 2009. One out of every 95 homeowners in the state was hit with a foreclosure filing, putting a total of 11,854 homes into default or foreclosure listings.<\/p>\n

Again, California, with 71,817 foreclosure filings; Florida, with 47,069 filings; and Arizona, with 21,048 filings, had the three highest foreclosure totals and accounted for over 44 percent of all units in default or foreclosure across the U.S. in January.<\/p>\n

Las Vegas and Phoenix posted the two highest foreclosure rates<\/a> among metro areas in January, although Las Vegas showed a decline in foreclosure activity both on a month-over-month and a year-over-year basis.<\/p>\n

Among the top ten metro areas with high rates of houses in foreclosure listings, it was only Phoenix which posted an increased pace of foreclosure activity compared to the previous month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of houses in foreclosure listings declined across the U.S. in January this year, but may surge again, according to analysts working with a California-based real estate information provider. Wage reduction figures and unemployment rates are still rising, putting more people into situations where they have to choose between paying for food and paying […]<\/p>\n","protected":false},"author":4632,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-310762","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/310762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4632"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=310762"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/310762\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=310762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=310762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=310762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}