Foreclosure

Foreclosure deed filings are down in Rhode Island for the third quarter of 2014, according to a report published by HousingWorks RI at Roger Williams University on Thursday. In all, 364 foreclosure deeds were filed in Rhode Island in Q3, down from the 382 filed in Q2 2014, a decline of 5 percent, according to HousingWorks RI. Year-to-date through the end of Q3 2014, however, residential foreclosure deed filings ticked up by 2 percent in the Ocean State from the same period in 2013 from 1,170 to 1,193.

A steep decline in foreclosure filings in Missouri has dropped the Show Me State from the middle of the pack down to having one of the lowest foreclosure rates among states in November, according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released late last week.

The Michigan State Senate passed a bill on Friday to prevent those with delinquent property tax payments to bid in foreclosure auctions and prevent homeowners from intentionally allowing their homes to go to foreclosure and buy them back in an auction for a lower price.

Keeping in line with the steadily increasing number of foreclosures in New Jersey, Atlantic City turned in the highest foreclosure rate in the nation among metropolitan areas with a population greater than 200,000 for November, according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released Thursday.

The highest foreclosure rate of any state once again belonged to Florida in November after being displaced by Maryland in October, according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released Thursday.

The number of residential foreclosure filings in the U.S. declined by 9 percent from October to November despite a yearly spike in the number of foreclosure starts (scheduled auctions), according to RealtyTrac's U.S. Foreclosure Market Report for November 2014 released Thursday.

An amended Ohio House bill that was originally intended to reduce the lengthy residential foreclosure process and eliminate blight in Ohio neighborhoods died in the Ohio Senate Finance Committee Tuesday night, sources close to the situation told DS News.

An Ohio House bill that would have expedited the residential foreclosure and transfer process and taken steps toward eliminating blight and vandalism in foreclosed, vacated properties has been amended and was introduced in the Ohio State Senate Finance Committee Tuesday, a source close to one of the bill's sponsors told DS News.

Fannie Mae and Freddie Mac announced on Tuesday a moratorium on evictions for single-family foreclosed homes for the holiday season.

While foreclosure completions and foreclosure inventory followed nationwide patterns of decline in Florida for October, the Sunshine State still led all states in both categories during the month, according to CoreLogic's October 2014 National Foreclosure Report released on Thursday.