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Daily Archives: May 14, 2011

Foreclosure Activity at 40-Month Low – Due to Delays Processing- Says Report

News release: “RealtyTrac®, the leading online marketplace for foreclosure properties, released its U.S. Foreclosure Market Report™ for April 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 219,258 U.S. properties in April, a 9 percent decrease from March and a 34 percent decrease from April 2010. The report also shows one in every 593 U.S. housing units received a foreclosure filing during April 2011. “Foreclosure activity decreased on an annual basis for the seventh straight month in April, bringing foreclosure activity to a 40-month low,” said James J. Saccacio, chief executive officer of RealtyTrac. “This slowdown continues to be largely the result of massive delays in processing foreclosures rather than the result of a housing recovery that is lifting people out of foreclosure.”

  • See related article and charts of foreclosure actions, via The Atlantic – Foreclosures Activity Falls to 2007 Level on Bank Sluggishness and related postings on financial system
  • Digital Images of Yale’s Vast Cultural Collections Now Available for Free

    News release: “Scholars, artists and other individuals around the world will enjoy free access to online images of millions of objects housed in Yale’s museums, archives, and libraries thanks to a new “Open Access” policy that the University announced today. Yale is the first Ivy League university to make its collections accessible in this fashion,… Continue Reading

    Report of Foreign Bank and Financial Accounts (FBAR)

    Report of Foreign Bank and Financial Accounts (FBAR): “If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or other type of foreign financial account, the Bank Secrecy Act may require you to report the account yearly to the Internal Revenue… Continue Reading