Foreclosures

The foreclosure rate in the Utica-Rome area has remained steady despite a rough economy, according to a company that tracks and collects data on home prices, mortgages, foreclosures and delinquency activity.

Foreclosure action on homes in New Jersey dropped more than 40 percent in May versus the same period the year earlier, giving hope that market supply will go down and prices will stabilize.

With one in every 144 housing units receiving a foreclosure filing, California posted the nation's second highest state foreclosure rate in May despite a 4 percent decrease in foreclosure activity from the previous month, according to RealtyTrac's U.S. Foreclosure Market Report.

The Center for Responsible Lending estimates that the U.S. has surpassed 1 million foreclosure filings in 2009, and there is no end in sight as an alarming number of Americans are delinquent on their mortgage payments. Will the next wave of foreclosures mean a further drop in the housing market? Property Wire reports on the latest foreclosure and delinquency numbers.

Saying California is "awash with con artists" who prey on families facing foreclosure, the state's attorney general is giving foreclosure consultants until July 1 to register with his office and post a $100,000 bond.