Mortgage and Real Estate Blog

head_left_image

Less foreclosures - Lowest level since 2006

Foreclosure activity down in June 2014

Foreclosures in Minneapolis MinnesotaForeclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday.

The number of homes facing bank auctions, default notices and scheduled auctions totaled 107,194 last month, down 16 percent from June 2013, according to RealtyTrac, a housing industry research firm based in Irvine, Calif.

June’s total was the lowest since July 2006.

Through the first half of 2014, there were 613,874 properties nationwide with foreclosure filings, down 23 percent from the first six months of 2013.

------------

Check today's Minneapolis, St Paul MN Mortgage Rates. No SSN required.

Comment balloon 1 commentJoseph Metzler • July 18 2014 08:12AM
Less foreclosures - Lowest level since 2006
share
Foreclosure activity down in June 2014 Foreclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday. The number of homes facing… more
Mortgage rates slighly lower this past week
share
Minneapolis, MN: Freddie Mac today released the results of its Primary Mortgage Market Survey(R) (PMMS® ), showing average fixed mortgage rates moving down slightly to remain near historic lows for the week ending July 17, 2014 Mortgage Rate… more
Top credit report move that will wreck your mortgage approval
share
Top credit report move that will wreck your mortgage approval Getting a mortgage loan these days is overly complicated, and annoyingly paperwork intensive. This is simply a response to the market collapse that started a few years ago, when it… more
Know the difference of mortgage pre-qualify versus pre-approval
share
Mortgage Pre-Qualification versus Mortgage Pre-Approval Getting an initial Mortgage Pre-Approval BEFORE you speak with a Real Estate Agent just makes sense. A good first step is to complete the online application or speak with… more
Tips to Improve Your Mortgage Approval and Credit Score
share
Tips to Improve Your Mortgage Approval and Credit Score Minneapolis, MN: When you are looking to purchase a home or refinance your exiting home your credit score is very important. One of the first things your lender will do is check your… more