Real Estate Articles

Foreclosure Filings Down 20% from One Year Ago | By: Nicolas Zepeda

Data powerhouse ATTOM Data Solutions (parent company of RealtyTrac) recently released their Midyear 2017 U.S. Foreclosure Market Report revealing that there were 428,400 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) over the first half of 2017.  This figure is 20% lower that one year ago.  Banks foreclosed (REO) on 169,124 properties over this period, which is down 14% from one year ago.

“With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. “More than 38 percent of properties sold at foreclosure auction in the first half of this year went to third-party buyers rather than back to the bank — the highest share we’ve ever seen going back as far as 2000, the earliest this data is available.”






Click here to read the full report on RealtyTrac.com.

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