Sunday, January 18, 2015

RealtyTrac Finds U.S. Foreclosure Starts Increase to 17-Month High in December; Average Time to Foreclose Nationwide Decreases For First Time Since Q1 2011


IRVINE, CA –  RealtyTrac® (www.realtytrac.com), the nation�fs leading source for comprehensive housing data, released its Year-End 2014 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 1,117,426 U.S. properties in 2014, down 18 percent from 2013 and down 61 percent from the peak of 2,871,891 properties with foreclosure filings in 2010.

The 1.1 million properties with foreclosure filings in 2014 was the lowest annual total since 2006, when there were 717,522 properties with foreclosure filings nationwide.

The report also shows that 0.85 percent of all U.S. housing units (one in every 118) had at least one foreclosure filing in 2014, the first time since 2006 that the annual foreclosure rate has been below 1 percent of all housing units.


For a complete copy of the company’s news release, please contact:

Jennifer Von Pohlmann
949.502.8300, ext. 139


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