Since the peak of the housing bust, the monthly number of foreclosures has been coming down steadily.

According to the National Association of Realtors, home sales are increasing and a lower percentage of these sales are from distressed mortgages. Signs may be pointing to realty recovery, but as of February this year, there were still 750,000 homes somewhere in the foreclosure process. While this is down from 1 million homes two years ago, there are still a notable number of foreclosures occurring.

Here is an overview of the banks that hold the majority of the foreclosures in housing market, as of February 2013, according to RealtyTrac:

PNC Financial Group

• 8,545 loans in foreclosure
• $185,306 average property value
• 55% critically underwater

Citigroup

• 27,697 loans in foreclosure
• $202,390 average property value
• 54% critically underwater

Bank of America

• 96,319 loans in foreclosure
• $203,956 average property value
• 61% critically underwater

 Wells Fargo

• 84,903 loans in foreclosure
• $205,550 average property value
• 56% critically underwater

U.S. Bancorp

• 44,881 loans in foreclosure
• $206,754 average property value
• 62% critically underwater

 SunTrust Banks Inc.

• 6,001 loans in foreclosure
• $207,157 average property value
• 64% critically underwater

 JPMorgan Chase

• 54,325 loans in foreclosure
• $208,183 average property value
• 54% critically underwater

 Deutsche Bank

• 33,608 loans in foreclosure
• $228,446 average property value
• 63% critically underwater

HSBC Holdings

• 16,317 loans in foreclosure
• $233,670 average property value
• 60% critically underwater

 Bank of New York Mellon

• 31,821 loans in foreclosure
• $236,703 average property value
• 67% critically underwater

Some of these banks don’t own the foreclosed mortgages, they are simply servicers for other institutions. Even though foreclosures are on the down climb this year, there is still work that needs to be done. With 750,000 homes in the foreclosure process as of this February, that translates to mounds of paperwork and miles of details! At Blue Streak Docs, our document retrieval services ensure accurate reporting and thorough research for our clients. We provide mortgage professionals and real estate attorneys with property reports for lien positions, deed-in-lieu, and foreclosures. For information about our services and for a quote, feel free to contact us today at 727-479-0007!