RealtyTrac says sales of foreclosed homes accounted for less real estate sales in the third quarter of 2011 from both the prior quarter and the year before.
Measure backed by bankers, credit unions and city of Milwaukee.
Technically speaking, foreclosures were down in 2011, but that doesn't mean the housing market got healthy.
RealtyTrac said initial default notices up 14% in second quarter vs. first.
Banks appear to have begun picking up the pace of foreclosures on residential real estate in August, reducing the time before the housing industry works through the overhang of troubled properties, according to RealtyTrac.
RealtyTrac seeing movement toward resolving overhang of troubled properties.
Tenth-straight monthly drop due to process hangups, loan modifications, RealtyTrac says.
Drop in foreclosures due to backlog not market improvement, RealtyTrac says.
Contrary to conventional wisdom, as the nation moves through an extended housing downturn, a number of credit unions have found themselves faced with significant amounts of REO.
Debtor lawyers' tactics explained at MDDCCUA session on foreclosures, collections.