New REO Inventory in 2011

RealtyTrac’s year-end report released Thursday shows foreclosure filings – including default, auction, and bank repossession notices – were reported on 1,887,777 U.S. properties in 2011. Of that total, 804,423 homes were taken back by lenders as REO. Last year’s tally of nearly 1.9 million properties with a foreclosure filing seems staggering, but it’s actually the …

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Fun Zone carousel listed on EBay

Owner is listing the Balboa Peninsula attraction for almost $150K. The buyer would have to pick it up, and dismantling it is like a puzzle, he said. Among the iPods, cameras, family heirlooms and bestsellers being auctioned off on EBay, online shoppers can now bid on a Newport Beach landmark: the Balboa Fun Zone carousel. …

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Up to 1 million foreclosure filings pushed to 2012, and beyond

Foreclosure activity fell 29 percent in the first six months of this year compared with the first six months of 2010, according to a report from foreclosure data site RealtyTrac. A total of 1.17 million properties nationwide received foreclosure filings — including default notices, auction sale notices or bank repossessions — in the first half …

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Phoenix Foreclosure Numbers Reveal a City on the Mend

Home sales in the metro Phoenix area are heating up thanks to the popular foreclosure market, according to ForeclosureDeals.com. The site reports that there were more than 10,000 home sales in the Phoenix area in March with nearly 1,500 of those sales foreclosure homes. “Demand is starting to increase in the Phoenix area, and that’s …

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