Share This Page

Foreclosure filings in region jump 33% in October

| 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.

TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.