{"id":5868,"date":"2014-01-07T13:31:42","date_gmt":"2014-01-07T13:31:42","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=5868"},"modified":"2014-01-07T13:31:42","modified_gmt":"2014-01-07T13:31:42","slug":"banks-aim-clear-foreclosure-backlogs","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/banks-aim-clear-foreclosure-backlogs\/","title":{"rendered":"Banks Aim to Clear Foreclosure Backlogs"},"content":{"rendered":"<h2>Banks Aim to Clear Foreclosure Backlogs<\/h2>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_5869\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/01\/ID-100130593.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-5869\" class=\"size-medium wp-image-5869\" alt=\"Banks Aim to Clear Foreclosure Backlogs.  Image courtesy of renjith krishnan \/ FreeDigitalPhotos.net\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/01\/ID-100130593-300x199.jpg\" width=\"300\" height=\"199\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/01\/ID-100130593-300x199.jpg 300w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/01\/ID-100130593.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-5869\" class=\"wp-caption-text\">Banks Aim to Clear Foreclosure Backlogs. Image courtesy of renjith krishnan \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>Banks are trying to capitalize on rising home prices by selling seized homes more quickly. States with some of the largest backlogs of foreclosures are seeing an upswing in properties that are moving to auction for quicker sales since last July, according to RealtyTrac.<\/p>\n<p>\u201cLenders know there\u2019s now a much better chance they can get those properties sold, so they\u2019re moving to do that,\u201d says Daren Blomquist, vice president at RealtyTrac.<\/p>\n<p>The number of new foreclosures entering the pipeline is slowing. However, the number of foreclosures going to auction is seeing an uptick in 19 states, particularly in Oregon, Massachusetts, Utah, Connecticut, Delaware, and New York.<\/p>\n<p>In New York, the average foreclosure can take 1,037 days to process, and in Florida, the process averages 929 days.<\/p>\n<p>Back when buyers were on the sidelines and prices were still falling, lenders&#8217; had little incentive to speed up the foreclosure process. Doing so would only add to the large amount of empty houses that needed to be maintained. But now that prices are rising in most markets, the backlog of bank-owned homes is being trimmed quickly. With tight inventories of homes for-sale in many cities, banks are seeing opportunity in getting repossessed homes back on the market faster for a quick sale, analysts say.<\/p>\n<p><em>Source: \u201c<a href=\"http:\/\/www.cnbc.com\/id\/101306467\" target=\"_blank\">Housing recovery sparks pickup in home seizures<\/a>,\u201d CNBC (Jan. 3, 2014)<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks Aim to Clear Foreclosure Backlogs &nbsp; &nbsp; Banks are trying to capitalize on rising home prices by selling seized homes more quickly. States with some of the largest backlogs of foreclosures are seeing an upswing in properties that are moving to auction for quicker sales since last July, according to RealtyTrac. \u201cLenders know there\u2019s &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/banks-aim-clear-foreclosure-backlogs\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-5868","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks Aim to Clear Foreclosure Backlogs - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/banks-aim-clear-foreclosure-backlogs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Banks Aim to Clear Foreclosure Backlogs\",\"datePublished\":\"2014-01-07T13:31:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/\"},\"wordCount\":255,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/ID-100130593-300x199.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/\",\"name\":\"Banks Aim to Clear Foreclosure Backlogs - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/ID-100130593-300x199.jpg\",\"datePublished\":\"2014-01-07T13:31:42+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/banks-aim-clear-foreclosure-backlogs\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/ID-100130593.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/ID-100130593.jpg\",\"width\":400,\"height\":266,\"caption\":\"Banks Aim to Clear Foreclosure Backlogs. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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