RealtyTrac

There’s more proof out today that the foreclosure crisis is only getting worse, despite everything that’s been thrown at it so far: Foreclosure notices reached a new record high during the first half of this year,  Bloomberg reports.
Citing data from RealtyTrac, an online foreclosure database, Bloomberg said the rising number of notices shows how job [...]

Foreclosures jumped again in April, setting another record and providing more evidence that the housing crisis shows little sign of slowing down. RealtyTrac, which collects foreclosure data, reported a record 342,000 homes received notices of default, auction sales, or bank repossessions in April. That’s a 32 percent increase over April 2008’s foreclosures. And it means [...]

I’ve been meaning to talk about this all week, but that pesky little AIG debacle served as quite a distraction. Anyway, as TWI has reported, there are other scandals concerning bank behavior that also are worth examining. And one of the biggest is the way banks handle their foreclosed and vacant properties.