RealtyTrac, the largest firm tracking and addressing the market for foreclosed and otherwise distressed real estate, reported that foreclosures in 2001 dropped 34% from the number foreclosed in 2010.
But the firm also warned that the dip represented more of a blip in the trend than the housing market's return to health.
The sources of the blip were the scandals over shoddy paperwork and allegedly improper foreclosure proceedings that generated settlements between major mortgage servicers and state attorneys general, the company said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
