TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Foreclosure filings in region jump 33% in October

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Thomas Olson
Thursday, Nov. 15, 2012, 12:01 a.m.
 

Foreclosure filings on Pittsburgh-area homes jumped about 33 percent in October from September levels and almost 35 percent from October 2011, said a report from RealtyTrac Inc.

Default notices spiked upward from year-ago levels, the Irvine, Calif.-based research firm said. A jump in foreclosure sale notices and actual foreclosure sales accounted for the increase over September.

The spike in filings in the seven-county region most of this year reflects the removal of an impediment to foreclosures. Lenders resumed action in February after litigation against five major lenders over improper procedures was settled for $25 billion.

Less than half as many homes in the Pittsburgh area were in some stage of foreclosure (one in 1,452) last month than nationally (one in 706), RealtyTrac data show. One in 1,368 Pennsylvania homes was in foreclosure last month.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Penguins GM Rutherford ‘wouldn’t make’ Despres trade today
  2. Pirates pitching prospect Kingham undergoes Tommy John surgery
  3. Officer: Munhall driver in fatal crash was going too fast to make turn
  4. Starkey: Kang story of the year for Pirates
  5. Man’s body found hours after disappearance on Youghiogheny River
  6. Healthy defensive back Mitchell eager for 2nd season with Steelers
  7. Jefferson-Morgan captures first WPIAL softball title in school history
  8. Crews rescue worker trapped in Lawrenceville trench collapse
  9. 9 miles of roads to be paved in Hempfield
  10. International counterfeiter sentenced in Pittsburgh to 7 1/2 years in prison
  11. Chevron settles fatal well fire lawsuit for $5 million