Realtytrac Rick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

recently. but ultimately, analysts say, it is a healthy sign for the housing market. foreclosures had been slowing sharply this year, but the decline was artificial. as odd as it seems, the 33% increase in new foreclosures indicates that the market is getting back to normal. reporter: realtytrac s rick sharga says paperwork problems, legal challenges and a glut of foreclosed properties already on the market had forced banks to stall foreclosure proceedings, until now. in effect, is this actually good for the housing market? we can t get the housing market back to a state of health until we get through this backlog of distressed properties. reporter: how big is the delinquency problem still? there are still between 3.5 and 4 million seriously delinquent loans out there. reporter: in fact, almost 800,000 borrowers are now more than a year behind on their payments and nearly 8% of all mortgages are more than 90 days overdue or in foreclosure. before the crisis, ....

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