The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
This summer there’s some good news. June foreclosure activity has dropped to its lowest level since November 2015. In June 2017, there were a total of 73,828 U.S. properties with a foreclosure filing, down 22% from a year ago and even more from previous years.
This is all according to ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, which released its Midyear 2017 U.S. Foreclosure Market Report, showing a total of 428,400 U.S. properties with foreclosure filings. This includes default notices, scheduled auctions or bank repossessions that occurred in the first six months of 2017. Data has been collected from more than 2,200 counties nationwide, with those counties accounting for more than 90% of the U.S. population.
Although the study is full of foreclosures, they’ve become fairly rare in the housing market.
“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.
As homeowners stay on top of their mortgages and housing payments, fewer foreclosures have been occurring. (If you’ve been faced with foreclosure, you’ll likely see the damage to your credit score. Not sure? You can see two of your credit scores for free on Credit.com).
Here are the ten states with the highest foreclosure rates as of June 2017.
June 2017 Foreclosure Rate: 1 in every 272 housing units
Change from January to June 2016: Down 10.57%
Change from January to June 2015: Up 1.77%
June 2017 Foreclosure Rate: 1 in every 229 housing units
Change from January to June 2016: Down 18.49%
Change from January to June 2015: Down 24.33%
June 2017 Foreclosure Rate: 1 in every 221 housing units
Change from January to June 2016: Down 15.05%
Change from January to June 2015: Down 14.31%
June 2017 Foreclosure Rate: 1 in every 217 housing units
Change from January to June 2016: Down 33.60%
Change from January to June 2015: Down 56%
June 2017 Foreclosure Rate: 1 in every 215 housing units
Change from January to June 2016: Down 30.59%
Change from January to June 2015: Down 40.45%
June 2017 Foreclosure Rate: 1 in every 200 housing units
Change from January to June 2016: Up 3.19%
Change from January to June 2015: Up 44.75%
June 2017 Foreclosure Rate: 1 in every 183 housing units
Change from January to June 2016: Down 10.19%
Change from January to June 2015: Down 25.78%
June 2017 Foreclosure Rate: 1 in every 161 housing units
Change from January to June 2016: Down 30.62%
Change from January to June 2015: Down 31.55%
June 2017 Foreclosure Rate: 1 in every 137 housing units
Change from January to June 2016: Down 6.48%
Change from January to June 2015: Up 20.42%
June 2017 Foreclosure Rate: 1 in every 101 housing units
Change from January to June 2016: Up 1.8%
Change from January to June 2015: Up 8.53%
Image: fstop123
September 13, 2021
Uncategorized
August 4, 2021
Uncategorized
January 28, 2021
Uncategorized