New Hampshire foreclosure numbers from July are up from the previous year.
New Hampshire had 269 foreclosures in July. That’s up 13 percent from July of last year. However, it’s a decrease compared to the month before. In fact, it’s the third monthly decline in a row so far this year. The numbers come from the Mortgage Bankers Association’s National Delinquency Survey.
“Even though it’s higher than last July, it’s still more on a steady downward curve.”
New data from the New Hampshire Housing Finance Authority suggests the state’s housing market continues to show signs of a slow recovery.
The number of New Hampshire homes sold in May of this year jumped up from 2011-levels. That’s good. The bad news is that the average price of those properties is down two-point-four percent from a year ago, falling to $205-thousand dollars.
The 351 new foreclosures in May probably won’t help. Until the glut of properties on the market clears up, housing prices will remain low.
Real estate is about location, location, location. And foreclosure is no different. Depending on the state, it can take an average of three months or three years to process a foreclosure. And the disparity in how states deal with foreclosures is getting bigger.
The fate of thousands of troubled homeowners in Central Florida rests in the hands of Lee Haworth, foreclosure administrative judge for Florida's 12th Judicial Circuit. "We were hit pretty hard," Haworth says.
A year ago, banks admitted to abusing the foreclosure process — using fake signatures to power through foreclosure documents — a practice known as robo-signing. Now, five major banks and more than 40 state attorneys general have agreed in principle to a broad settlement that they say will help homeowners.