CoreLogic: More foreclosures lead to fewer underwater mortgages

 · The housing market is in a state of adjustment. Inventory is up dramatically in many places. In the last housing correction, Las Vegas was a leading indicator for California and we are now seeing some dramatic increases in inventory in the area..

CoreLogic, a company in Santa Ana, Calif., that tracks real estate data, released new underwater mortgage statistics thursday. CoreLogic said that in the first quarter, 64.7 percent of residential properties with a mortgage in Las Vegas were underwater – in negative equity, or upside down. That equals 269,453 properties.

RISMEDIA, December 15, 2010-(MCT)-The number of homeowners in the U.S. who owe more on their properties than what those homes are worth has declined steadily for most of 2010, according to.

Rapidly declining prices meant that homeowners started to owe more on their mortgages than their homes were worth. This can lead to short sales, foreclosures, and a serious blow to a households’ net.

Shadow inventory declines to five-month supply: CoreLogic Average time to foreclose sets new record of 631 days retail home sale prices 88% higher than California REO Regarding foreclosures; what is the average list price vs. average sales price (or a rough estimate)? find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.New York law requires that all foreclosures go through the court system and. motion and grant summary judgment, the case will then be set for a trial.. an average foreclosure case takes about 445 days to be concluded in New. about how our office can assist you, please call us at 631-479-2455 today.Metro Atlanta and Georgia are in the top five for the most shadow inventory of residential property, according to CoreLogic. supply, from one year earlier. “The weak demand for housing is.

The number of local homeowners "underwater" on their mortgages is falling as the housing market heals, CoreLogic reported Tuesday. About 11 percent of St. Louis-area homeowners with a mortgage.

5.4 Million Homes Sport Negative Equity — Here’s What to Do If Your Mortgage Is Underwater. A messy situation Gobs of underwater homes can lead to other problems — and according to CoreLogic.

The slope became distinctively more slippery on Friday when the U.S. Treasury Department unveiled a new push to prevent foreclosures by persuading banks to reduce principal on underwater. could.

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More people are continuing to throw off the shackles of underwater mortgages, and significantly fewer are suffering the misfortune of foreclosure, CoreLogic reported. The share of homeowners who owe.

Pay $100 for a Property!  Target Delinquent Property Taxes! Fewer Homes 'Underwater' as Foreclosures Mount | Newsmax.com – In Nevada, 67 percent of homes with mortgages were underwater in the third quarter, more than any state. It also has the highest rate of foreclosure filings, with one in 79 households receiving a notice of default or foreclosure in October, according to RealtyTrac Inc., an Irvine, California- based real estate information service.

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A total of 9.7 million American households still have "underwater" mortgages, meaning they owe more on the home. Different methodologies lead to different findings. For example, CoreLogic’s most.

CoreLogic: More foreclosures lead to fewer underwater mortgages Lennar Corp. 4Q earnings down 5.5%, revenue up 11% CIT Group 4Q interest income fell to $754 million