Lenders have completed the foreclosure process on 11,078 US properties
Approximately 55,646 US properties with a foreclosure filing in April declined 5% for the 10th month in a row and down 13% year-over-year, according to ATTOM Data Solutions’ US Foreclosure Market Report.
"While overall foreclosure activity is down nationwide, there are still parts of the country where we may need to keep a close eye on," said ATTOM Data Solutions Chief Product Officer Todd Teta. "For instance, Florida is seeing a steady annual increase in total foreclosure activity for the eighth consecutive month, which is being sustained by a constant annual double-digit increase in foreclosure starts."
States that reported annual decreases in foreclosure starts in April included New York (down 43%); Nevada (down 36%); Colorado (down 34%); Maryland (down 31%); and Michigan (down 25%).
Meanwhile, major metros in which foreclosure activities increased from last year included Orlando, Fla. (up 90%); Miami, Fla. (up 45%); Columbus, Ohio (up 35%); Portland, Ore. (up 31%); and El Paso, Texas (up 22%).
Other key findings include:
- 17 states had a year-over-year increase in foreclosure starts, including Washington (up 38%); Florida (up 34%); Oregon (up 22%); Louisiana (up 12%); and Georgia (up 11%)
- One in every 2,433 housing units nationwide had a foreclosure filing in April
- States with the highest foreclosure rates were New Jersey (one in every 980 housing units); Maryland (one in every 1,218 housing units); Delaware (one in every 1,249 housing units); Illinois (one in every 1,371 housing units); and Florida (one in every 1,415 housing units)
- Lenders completed foreclosures on 11,078 US properties in April, down 9% from the prior month and down 22% from 2018
