U.S. FORECLOSURE ACTIVITY DECREASES 6 PERCENT IN MAY

U.S. Foreclosure Activity Up Nearly 18 Percent from May 2008

Total Exceeds 300,000 for Third Straight Month
IRVINE, Calif. – June 11,    2009 – RealtyTrac®  (www.realtytrac.com),    the leading online marketplace for foreclosure properties, today released    its May 2009 U.S. Foreclosure Market Report™, which shows foreclosure    filings —  default notices, scheduled auctions and bank repossessions — were  reported on 321,480 U.S. properties during the month, a decrease of 6 percent    from the previous month but an increase of nearly 18 percent from May 2008.    The report also shows that one in every 398 U.S. housing units received a    foreclosure filing in May.
continue reading "RealtyTrac Reports: U.S. Foreclosure Activity Decreases, Yet Still 3rd Highest Month on Record"

Are you on the verge of mortgage foreclosure? Have you already received a notice from your lender of an intent to accelerate or to foreclose?  The number of foreclosures jumped 81 percent in 2008. Washington is trying to help with homeowner assistance programs to keep people in their homes. But if you want to stop mortgage foreclosure, you are going to need to help yourself first.
continue reading "How To Stop Mortgage Foreclosure In 2009"