BasicGov / BLOG

RealtyTrac, an online marketplace for foreclosure properties, put out their report about foreclosures.

As reported in Business Week we are still not at the peak.

U.S. home foreclosures reached a record for the second consecutive month in May, with increases in every state, as lenders stepped up property seizures, according to RealtyTrac Inc.

Bank repossessions climbed 44 percent from May 2009 to 93,777, the Irvine, California-based data company said today in a statement. Foreclosure filings, including default and auction notices, rose about 1 percent to 322,920. One out of every 400 U.S. households received a filing.

“We’re nowhere near out of the woods,” Rick Sharga, RealtyTrac’s senior vice president for marketing, said in a telephone interview. “We’re likely to set a quarterly record for home seizures if June is anything like May.”

Almost 3.1 million properties have been seized by banks since April 2005, Daren Blomquist, RealtyTrac’s marketing communications manager, said in an interview today.

“The second quarter won’t be the peak,” Sharga said. “I’m not even sure 2010 will be.”

CNBC listed out the most impacted states …

The ten states with the highest foreclosure rates were little changed from the previous month. According to the RealtyTrac report, Nevada remains No. 1 with one in every 79 properties in the state getting a foreclosure notice, five times the national rate.

Arizona ranked second with one in every 169 households receiving a notice, followed by Florida (one in 174 households), California (one in 186 households) and Michigan (one in every 223 households.)
(See the full list in CNBC’s slideshow.)

Code enforcement software helps governments manage  property complaints from foreclosures ….

A  survey conducted last year found that the most frequent complaints related to foreclosures were:

• overgrown yards; property damage
• broken windows, gates, etc.
• garbage dumping

Survey also found that software was a good solution for cities/ towns to manage code enforcement process and help municipalities stay on top of the foreclosure property code regulations.

We’ve added 12 new features to our current BasicGov modules to improve the functionality. Customers, email or call me with any questions as to how to use any of these items.

• New login page www.basicgov.com/login
• Alerts on parcel, contact, project, complaint, permit
• New/Edit button – no longer have to add multiple fees one-at-a-time
• Link Attachments – don’t worry about your storage limit
• New Receipts functionality – able to print receipt along with related fees
• Preview information by “hovering”
• Run Automation button has been replaced by the newer, faster Assess button
• Animals in Code Enforcement – for animal related complaints
• Proposed use – for planning users you can now add site characteristics to your Proposed use – like building height, stories, number of lots
• Plan Checks – a new area for Permits or Applications where you can enter Setback information
• Permits – Inspection Sheet
• Advanced search: To improve your search results when you’re searching for a parcel or an owner by address or part of an address and having no luck, use the Advanced Search