{"id":10851,"date":"2017-01-20T12:52:01","date_gmt":"2017-01-20T12:52:01","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=10851"},"modified":"2017-01-20T12:52:11","modified_gmt":"2017-01-20T12:52:11","slug":"foreclosure-backlogs-remain-problem","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/","title":{"rendered":"Where Foreclosure Backlogs Remain a Problem"},"content":{"rendered":"<h2>Where Foreclosure Backlogs Remain a Problem<\/h2>\n<p>&nbsp;<\/p>\n<div id=\"attachment_10852\" style=\"width: 512px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/2017\/01\/20\/foreclosure-backlogs-remain-problem\/attachment\/01202178\/\" rel=\"attachment wp-att-10852\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-10852\" class=\"size-full wp-image-10852\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2017\/01\/01202178.jpg\" alt=\"Where Foreclosure Backlogs Remain a Problem\" width=\"512\" height=\"288\" srcset=\"https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2017\/01\/01202178.jpg 512w, https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2017\/01\/01202178-300x169.jpg 300w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/a><p id=\"caption-attachment-10852\" class=\"wp-caption-text\">Where Foreclosure Backlogs Remain a Problem<\/p><\/div>\n<p>Banks continue to clean out the pipeline of loans that were originated during the housing boom days that have since turned sour.<\/p>\n<p>Most of the homes that are still being foreclosed on are from loans originated between 2004 and 2008, known as \u201clegacy foreclosures,\u201d according to ATTOM Data Solutions\u2019 2016 U.S. Foreclosure Market Report.<\/p>\n<p>The following markets are seeing the biggest cases of backlogs with legacy foreclosures:<\/p>\n<ul>\n<li>District of Columbia: 76% (share of legacy foreclosures)<\/li>\n<li>Hawaii: 66%<\/li>\n<li>New Jersey: 64%<\/li>\n<li>Nevada: 63%<\/li>\n<li>Delaware: 61%<\/li>\n<li>Massachusetts: 61%<\/li>\n<\/ul>\n<p>On a county level, the highest number of legacy foreclosures are occurring in:<\/p>\n<ul>\n<li>Nassau County (Long Island), N.Y.: 8,632 representing 74 percent of all loans actively in foreclosure<\/li>\n<li>Cook County (Chicago), Ill.: 7,357 representing 53 percent<\/li>\n<li>Kings County (Brooklyn), N.Y.: 6,207 representing 68 percent<\/li>\n<li>Miami-Dade County, Fla.: 5,262 representing 64 percent<\/li>\n<li>Los Angeles County, Calif.: 4,956 representing 64 percent<\/li>\n<\/ul>\n<p>While foreclosures are elevated in some areas, nationwide they mostly are continuing to drop. ATTOM Data Solution\u2019s report showed that overall foreclosure filings \u2013 which include default notices, scheduled auctions, and bank repossessions \u2013 dropped 14 percent in 2016 from 2015 to the lowest level since 2006. There were 933,045 foreclosure filings in 2016.<\/p>\n<p>\u201cThe national foreclosure rate stayed within an historically normal range for the third consecutive year in 2016, even as banks continued to clear out legacy foreclosures from the last housing bubble, particularly in the final quarter of the year,\u201d says Daren Blomquist, senior vice president at ATTOM Data Solutions. \u201cForeclosures completed in the fourth quarter had been in the foreclosure process 803 days on average, a substantial jump from the third quarter and indicating that banks pushed through significant numbers of legacy foreclosures during the quarter. Despite that push, we still show that more than half of all active foreclosures nationwide are on loans originated between 2004 and 2008, with a much higher share of legacy foreclosures in some markets.\u201d<\/p>\n<p><em>Source: <a href=\"http:\/\/www.realtytrac.com\/news\/foreclosure-trends\/2016-year-end-u-s-foreclosure-market-report\/\" target=\"_blank\">RealtyTrac<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Where Foreclosure Backlogs Remain a Problem &nbsp; Banks continue to clean out the pipeline of loans that were originated during the housing boom days that have since turned sour. Most of the homes that are still being foreclosed on are from loans originated between 2004 and 2008, known as \u201clegacy foreclosures,\u201d according to ATTOM Data &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/\">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-10851","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>Where Foreclosure Backlogs Remain a Problem - 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\/foreclosure-backlogs-remain-problem\/\" \/>\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\\\/foreclosure-backlogs-remain-problem\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-backlogs-remain-problem\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Where Foreclosure Backlogs Remain a Problem\",\"datePublished\":\"2017-01-20T12:52:01+00:00\",\"dateModified\":\"2017-01-20T12:52:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-backlogs-remain-problem\\\/\"},\"wordCount\":320,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-backlogs-remain-problem\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/01202178.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-backlogs-remain-problem\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-backlogs-remain-problem\\\/\",\"name\":\"Where Foreclosure Backlogs Remain a Problem - 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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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For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Where Foreclosure Backlogs Remain a Problem - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Where Foreclosure Backlogs Remain a Problem","datePublished":"2017-01-20T12:52:01+00:00","dateModified":"2017-01-20T12:52:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/"},"wordCount":320,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"image":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/#primaryimage"},"thumbnailUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2017\/01\/01202178.jpg","keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-backlogs-remain-problem\/","name":"Where Foreclosure Backlogs Remain a Problem - 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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. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.","sameAs":["http:\/\/www.anthonydidonato.net"],"url":"https:\/\/www.anthonydidonato.net\/wordpress\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts\/10851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/comments?post=10851"}],"version-history":[{"count":0,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts\/10851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/media?parent=10851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/categories?post=10851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/tags?post=10851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}