This just released by DS News.com .
Not surprising…and yet, many agents are still missing the boat on assisting distressed Property owners by refusing to complete short sales.
New foreclosures were up from the previous month in 22 states, including Colorado (+124 percent), Florida (+36 percent), and Illinois (+30 percent).
RealtyTrac says there were a total of 37,775 bank repossessions (REO) across the country in October, down 1 percent from the previous month and down 29 percent from a year earlier. October was the 11th consecutive month in which bank repossessions decreased annually.
Bank repossessions increased from a year earlier in 15 states, including Oklahoma (+59 percent), Maryland (+54 percent), Virginia (+47 percent), Ohio (+30 percent), and Washington (+30 percent).
States with the five highest foreclosure rates in October included Florida, Nevada, Maryland, Ohio, and Illinois, according to RealtyTrac’s report.
Among the nation’s 20 largest metro areas, the highest foreclosure rates were in Miami, Tampa, Chicago, Baltimore, and Riverside-San Bernardino, California. The biggest annual increase in foreclosure activity last month was found in Baltimore, where filings were up 296 percent from October 2012, marking the 13th consecutive month with an annual increase in activity.
