New York foreclosure courts face seven-year backlog: RealtyTrac

 · I have not been able to pay my mortgage on my condominium in 18 months. I was served FORECLOSURE "papers" by the sheriff on Dec 29, 2011.I answered and filed with the court 20 days later(Per Se) I was supposed to hear from the law office that served the papers in 20 days.

At the rate the New York court systems are currently working through the backlog of foreclosure cases, it will take more than seven years to clear, according to RealtyTrac. New York is a judicial state, whereby foreclosures are completed through the court system. But as cases mounted, the state developed the largest foreclosure timeline in the.

RealtyTrac released its U.S. Foreclosure Market Report for November 2015, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 104,111 U.S. properties in November, a decrease of nearly 10 percent from the previous month and down more than 7 percent from a year ago.

RealtyTrac said. August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. The previous high was in May. Banks have been stepping up.

FICO warns mortgage, student loan delinquencies may rise Judge signs $25 billion foreclosure settlement NEW YORK ( TheStreet) — A foreclosure. to sign on the deal to Monday Feb.6 from Friday, which has also raised hopes that they were close to a deal. According to an Associated Press report earlier."The general consensus is that rates will rise. Nobody expects it to be a dramatic shift, but the clock is ticking on today’s low rates," says Craig Martin, director in the mortgage. a good credit.

New York foreclosure courts face seven-year backlog: RealtyTrac. performance Firm delivered strong York foreclosure system reached District court judge Large Number of Foreclosed Homes Are Abandoned by Owner. New foreclosure filings fall to Seven-Year Low.. have seen a growing backlog of.

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Backlog Worsens For U.S. Courts As Foreclosure Proceedings Face Scrutiny. due to shoddy foreclosure procedures, the backlog has. their own reviews of foreclosure procedures. In New York, the.

NEW YORK ( TheStreet) — National foreclosure activity in April fell to its lowest level in more than six years, according to the latest report from RealtyTrac. Foreclosure filings — which.

Investigation peers into foreclosure problem depths Today the Florida attorney general economics crime division announced it launched an Official Investigation into the practices of the Florida Default Law Group and Docx, LLC a/k/a lender processing services. The investigation is over allegations of: ".fabricating and/or presenting false and misleading documents in foreclosure cases.

New York City foreclosure filings dropped 32% in the third quarter over last year. Lenders filed 3,168 foreclosures on single-family and multifamily properties during the quarter, according to a study from New York University Furman Center for Real Estate and Urban Policy.

It’s no secret that U.S. home prices have rebounded from their recession lows, to the extent that some people are wondering if we’re in a new real estate bubble. Sacramento County reportedly.

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