Skip to main content

Foreclosure Filing Rate Keeps Dropping

Phil Hall
Dec 17, 2019
Photo credit: Getty Images/Reicaden

Last month saw 49,898 residential properties with foreclosure filings, down 10 percent from October and down six percent from a year ago, according to new statistics from ATTOM Data Solutions. Nationally, one in every 2,713 properties had a foreclosure filing in November.
 
The states with the highest foreclosure rates in November were Delaware (one in every 1,112 housing units), New Jersey (one in every 1,278 housing units), Maryland (one in every 1,476 housing units), Illinois (one in every 1,535 housing units) and Florida (one in every 1,607 housing units). Among the nation’s large metro areas, the highest foreclosure rates in November were found in Buffalo, N.Y. (one in every 798 housing units), Atlantic City, N.J. (one in every 968 housing units), Columbia, S.C. (one in every 1,082 housing units), Fayetteville, N.C. (one in every 1,134 housing units) and Trenton, N.J. (on in every 1,146 housing units).
 
During November, lenders repossessed 13,996 properties, up four percent from the previous month and up 22 percent from a year ago. Lenders started the foreclosure process for the first time on 24,966 property owners in November, down 13 percent from the previous month and down 11 percent from one year ago.
Last month saw 49,898 residential properties with foreclosure filings, down 10 percent from October and down six percent from a year ago

 
Published
Dec 17, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021