RealtyTrac: Foreclosure activity picked up in 120 metros

All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions – warnings that can lead up to a home eventually being lost to foreclosure.

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RealtyTrac this month reported a record 1.9 million foreclosure filings on more than 1.5 million properties in the first six months of this year. The pace picked up after. Phoenix metro area and.

We drew on RealtyTrac’s report to highlight the 14 metros with the highest foreclosure rates. Note: The metros are ranked by foreclosure rate, i.e., one in every X homes received a foreclosure filing.

Of the 212 metropolitan statistical areas studied by the California-based research firm, 120 markets, or 57% of all surveyed MSAs, saw foreclosure activity pick up in 2012 when compared to year.

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Mortgage foreclosure activity soared in the Scranton. Luzerne and Wyoming counties, according to RealtyTrac, a Los Angeles-area company that compiles foreclosure data. One in 120 dwellings in the.

a year ago, RealtyTrac said. That put homebuying activity. already picked over much of the distressed inventory in hard-hit housing markets in Arizona, Nevada, California and Florida, among others..

On the flipside, variable rate mortgages remain low, but are the riskier of the two mortgage choices.RealtyTrac: Foreclosure activity picked up in 120 metros Denver ranked 172nd out of 209 metro areas in activity, a major improvement over July’s ranking of 135th.

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RealtyTrac observed foreclosure trends in 212 markets with a population of 200,000 or more and found 120 markets, or 57 percent, displayed an increase in foreclosure activity from 2011.

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