Information about a financed property's tax, deed and other records can be used by credit unions to cross sell HELOCs, refis and more.
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.
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.
RealtyTrac, the leading online marketplace for foreclosure properties, released its most recent foreclosure sales report that shows that properties in some stage of the foreclosure process made up almost a third of property sales in the first quarter of this year.
RealtyTrac says average sale price of foreclosed properties nationally is 27% below price of non-foreclosed properties.