5 States with High Foreclosures

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The average foreclosure process for the eleven states with the highest foreclosure rates is 220. As a result, many homes foreclosed in 2011 in these states were actually at the end of a process.

Debt Buyers: Last Week Tonight with John Oliver (HBO) Although the housing market is recovering in many regions, new research suggests there’s still some cause for concern: Foreclosures are on the rise again. After hitting a 75-month low in April, U.S.

"We should care about predatory lending in all parts of the state, not just big cities or in the countryside," Hanauer said. Guernsey and Hocking counties in eastern and southeastern Ohio have the.

Foreclosure rates have been very high in the 4 key states throughout the bursting of the housing bubble, and so it was to be expected that cities from those states would pepper the top of the list.

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There were 34,000 completed foreclosures. forbearance and foreclosure alternatives which have assisted 2.5 million homeowners with first mortgages at risk of foreclosure since 2009." "Foreclosure.

The nonjudicial foreclosure process is used most commonly in our state.. the court orders the sale of your home, it will be auctioned off to the highest bidder.. You have up until 5 days before the foreclosure sale to cure the default and stop .

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That being said, the state of the foreclosure. sport among the highest percentages of any state. The national average is 2.4%. In addition, each of these lenders trades at a comparatively dear.

Despite increased foreclosure rates throughout the country, only 12 states are. effect on house prices regardless of whether the foreclosure rate is high or low.. of consumers has fallen or will fall by much more than 5 percent," they write.

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Properties foreclosed in the third quarter had been in the foreclosure process an average of 899 days, up from 883 days in the second quarter to a new record high, the data and analytics firm reports.

Overall, Illinois foreclosure activity increased 2 percent from a year ago, and the state posted the nation’s fifth highest state foreclosure rate — one in every 730 housing units with a.

Is the foreclosure crisis over? Not quite. Foreclosures still running much higher than before the housing crisis. The numbers are at a 5-year low in some cases .

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