{"id":6277,"date":"2014-04-11T14:36:02","date_gmt":"2014-04-11T14:36:02","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6277"},"modified":"2014-04-11T14:36:02","modified_gmt":"2014-04-11T14:36:02","slug":"foreclosures-rise-banks-take-action","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/foreclosures-rise-banks-take-action\/","title":{"rendered":"Foreclosures Rise as Banks Take More Action"},"content":{"rendered":"<h2>Foreclosures Rise as Banks Take More Action<\/h2>\n<div id=\"attachment_6278\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/04\/ID-10053901.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6278\" class=\"size-medium wp-image-6278\" alt=\"Foreclosures Rise as Banks Take More Action.   Image courtesy of Stuart Miles \/ FreeDigitalPhotos.net\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/04\/ID-10053901-300x227.jpg\" width=\"300\" height=\"227\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/04\/ID-10053901-300x227.jpg 300w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/04\/ID-10053901.jpg 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-6278\" class=\"wp-caption-text\">Foreclosures Rise as Banks Take More Action. Image courtesy of Stuart Miles \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>Foreclosure activity rose last month by 4 percent, but it remains at the lowest level since 2007, RealtyTrac reports in its latest U.S. Foreclosure Market Report.<\/p>\n<p>Last month\u2019s increase was mostly attributed to a 7 percent month-over-month rise in foreclosure starts and a 6 percent rise in scheduled foreclosure auctions. Banks are increasingly turning more of their attention to properties that have been sitting in foreclosure limbo.<\/p>\n<p>\u201cBanks will now be able to devote more resources to dealing with the lingering inventory of nearly half a million already foreclosed homes that still need to be sold,\u201d says Daren Blomquist, RealtyTrac\u2019s vice president. \u201cOur estimates indicate only 10 percent of these bank-owned properties are listed for sale, and more than half are still occupied by the former home owner or tenant.\u201d<\/p>\n<p>Metros with the highest percentage of occupied REOs include Nashville, Tenn.; Richmond, Va.; New York; Houston; and San Jose, Calif., according to RealtyTrac.<\/p>\n<p>\u201cNow that the foreclosure deluge has dried up, banks are turning their attention back to properties that have been sitting in foreclosure limbo for some time,\u201d says Blomquist. \u201cThis is most evident in judicial foreclosure states that were more likely to have impediments in the foreclosure process, but there are also signs of this catch-up trend happening in some non-judicial states.\u201d<\/p>\n<p>Blomquist notes that California is seeing an increasing number of judicial foreclosure filings and foreclosure starts in the first quarter of this year (the state\u2019s first double-digit percentage increase since the fourth quarter of 2009).<\/p>\n<p>Foreclosure starts in the first quarter rose from year-ago levels in 19 states. The states that saw foreclosure starts rise by the most are New Jersey (up 83%); Maryland (up 43%); Indiana (up 38%); Delaware (up 24%); Connecticut (up 13%); and California (up 10%).<\/p>\n<p>Twenty-nine states also posted annual increases in scheduled foreclosure auctions in March, including Utah (up 226%); Oregon (up 177%); Connecticut (up 131%); New Jersey (up 79%); and Delaware (up 49%), RealtyTrac reports.<\/p>\n<p><em>Source: <a href=\"http:\/\/www.realtytrac.com\/content\/foreclosure-market-report\/us-foreclosure-activity-increases-4-percent-in-march-but-first-quarter-foreclosure-activity-down-to-lowest-level-since-q2-2007-8034\" target=\"_blank\">RealtyTrac<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreclosures Rise as Banks Take More Action Foreclosure activity rose last month by 4 percent, but it remains at the lowest level since 2007, RealtyTrac reports in its latest U.S. Foreclosure Market Report. Last month\u2019s increase was mostly attributed to a 7 percent month-over-month rise in foreclosure starts and a 6 percent rise in scheduled &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/foreclosures-rise-banks-take-action\/\">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-6277","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>Foreclosures Rise as Banks Take More Action - 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=\"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosures-rise-banks-take-action\/\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Foreclosures Rise as Banks Take More Action\",\"datePublished\":\"2014-04-11T14:36:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/\"},\"wordCount\":352,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/04\\\/ID-10053901-300x227.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/\",\"name\":\"Foreclosures Rise as Banks Take More Action - 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\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/04\\\/ID-10053901-300x227.jpg\",\"datePublished\":\"2014-04-11T14:36:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosures-rise-banks-take-action\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/04\\\/ID-10053901.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/04\\\/ID-10053901.jpg\",\"width\":400,\"height\":303,\"caption\":\"Foreclosures Rise as Banks Take More Action. 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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. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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