RealtyTrac Rates Best Places to Buy Foreclosures in 2012 as Activity Climbs 57%

Posted To: MND NewsWireRealtyTrac, the Irvine, California firm that tracks foreclosure activity nationwide, reports that foreclosure activity increased last year in 57 percent of large metropolitan areas. Foreclosure filing increased in 120 of the 212 cities with populations over 200,000 that the firm follows and in eight of the 20 largest ones. RealtyTrac measures activity through court filings of Notices of Default or Lis Penis, notices of sale or scheduled auctions, and bank repossessions or actual foreclosure sales. The company reports that, despite the increases in 2012, activity in 181 of the 212 cities was below that of 2010 when filing peaked in most markets. Top among the eight largest metros in which foreclosure activity increased in 2012 were Tampa (80 percent increase), Miami (36 percent), Baltimore ...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/01312013_foreclosures_realty_trac.asp @ uwad.com