About Thomas Olson

Thomas Olson 412-320-7854
Business Writer
Pittsburgh Tribune-Review

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Wednesday - May 22, 2013

Tuesday - May 21, 2013

Monday - May 20, 2013

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.

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2. Steelers quarterback Roethlisberger likes the revamped offense
3. Penguins notebook: Morrow sits; Bylsma changes lineup
4. Pirates notebook: Morton could be back in early June
5. Steelers’ Polamalu trim, fit as he arrives for OTAs
6. Quantum Theatre keeps it fresh in 23rd season
7. ‘Material Matters’ exhibit goes through 2 different art forms with 1 thing in common
8. Watoto children sing and dance out the pain
9. Mayoral nominee Peduto plans city hall house-cleaning if he’s elected
10. Redevelopment authority set to approve demolition of old Trafford fire station
11. Fire destroys log home in Ohio Township

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