As the housing economy slowly rebounds, the numbers of homes in foreclosure are also declining. According to data recorded by real estate website Realtytrac.com, 1.8 million homes were foreclosed in 2012.
Home foreclosures in the U.S. witnessed a sharp drop in February. According to another report by RealtyTrac, it was revealed that foreclosures plunged 29 percent from a year earlier to reach the lowest since 2007. However, the number of foreclosure starts/ initial filings was up 10 percent in February when compared to the rates of January indicating mixed results.
"Foreclosure starts have been steadily building in those states over the last several months and likely will end up as bank repossessions or short sales later this year," Daren Blomquist, vice president at RealtyTrac, said in a press statement.
Considering the mixed housing scenario state, MarketWatch has compiled a list of banks that have the highest number of properties and home loans foreclosed on homeowners.MarketWatch used data provided by RealtyTrac on the number and value of mortgage loans serviced by the banks.
Check out the complete list on Marketwatch.
