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Josh Salman | Herald Tribune | “Lenders completed fewer foreclosures nationwide in May, but the rate of defaults continue to top recent years and the amount of distressed residences remains dangerously high, a new report shows. Mortgage bankers repossessed 52,000 delinquent U.S. homes in May, a 3.5 percent increase from April but down 27 percent fromRead more

By Scott Blake |     Banks and other mortgage servicers are holding many homes in foreclosure without putting them up for sale, according to local market watchers.    In fact, Florida leads the nation by far in vacant homes in foreclosure, with more than 55,000 homes in foreclosure sitting empty, according to a recent report by RealtyTracRead more

By Les Christie | @CNNMoney | “The long national foreclosure nightmare is nearing its end, with foreclosure filings hitting their lowest level since before the housing bust.   Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Overall, filings haveRead more

Cameron Davis | ThinkProgress | “The number of completed foreclosures in May was down 27 percent, to 50,000, compared to May of last year, analytics firm Core Logic reported Tuesday. One million homes remain in some stage of foreclosure, although that figure is down 29 percent from a year earlier. But while foreclosure rates are downRead more

Reuters with CNBC.com | “Fewer U.S. foreclosures were completed in May compared to a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal, data analysis firm CoreLogic said Tuesday. There were 52,000 foreclosures completed, well below the 71,000 in May 2012, CoreLogic said. Even so, thatRead more

Huffington Post | “My father arrived in this country from Europe in the late 1940s with a love of all things American but was especially fond of the post-war boom in emerging technology. To satisfy this hunger, he bought himself a new-fangled Webcor reel-to-reel tape recorder replete with a throbbing green “magic eye” (to monitorRead more

  Florida legislature allows accelerated sale of foreclosed houses Posted by Kari | CRS Data “Realtors in Florida should prepare to brush up on their short-sale skills, as a new law aimed at speeding up the foreclosure process was passed on June 7. Supporters of the bill noted that the new law would help to improveRead more

TampaBay Newspapers | CLEARWATER – “One judge’s caseload will be distributed to other Civil Division judges so that he can work fulltime on clearing the more than 16,000 foreclosure cases that are backlogged in Pinellas County. Effective Sept. 1, Circuit Judge Thomas M. Minkoff’s court dockets and calendars will be filled with foreclosure cases that wereRead more

BRIAN J. O’CONNOR | DETROIT NEWS FINANCE EDITOR | “The former president of a Georgia company that filed more than 1 million forged foreclosure documents in Michigan and other states was sentenced to five years in federal prison Tuesday. Lorraine Brown: Former President of DocX Lorraine Brown, the former president of the DocX document processing firmRead more

Gray Rohrer | “Florida has more vacant homes in foreclosure than any other state in the nation, easily beating out other large states with troubled housing markets, according to a report released Thursday by RealtyTrac, a California company that tracks distressed properties. There are 55,503 housing units in foreclosure in Florida that are vacant. That’s 33Read more