IRVINE, CA, March 16, 2017
– ATTOM Data Solutions reports counter to the national trend, foreclosure
activity increased on a year-over-year basis in 10 states and the District of
Columbia, where foreclosure activity increased 235 percent from a year ago.
Highlights:
o Foreclosure activity has increased in DC on a
year-over-year basis for 12 consecutive months ending in February 2017
o States with a year-over-year increase
included New Jersey (up 16 percent); Delaware (up 14 percent); Louisiana (up 12
percent); Alabama (up 10 percent); and Hawaii (up 8 percent).
o Three of the nation’s 20 largest metro areas
posted year-over-year increases in foreclosure activity: Houston (up 97 percent
from an abnormally low Feb 2016); San Francisco (up 25 percent); and New York
(up 9 percent).
· Foreclosure starts in February
increased 7 percent from the previous month but were still down 13 percent from
a year ago — the 20th consecutive month with a year-over-year decrease in
foreclosure starts
o Counter to the national trend, foreclosure
starts increased on a year-over-year basis in 15 states and the District of
Columbia. States with an increase included Alabama (up 40 percent); Texas (up
26 percent); New Jersey (up 24 percent); Florida (up 12 percent); Illinois (up
11 percent); and Arizona (up 9 percent).
o Foreclosure starts in Texas have increased
annually in three of the last four months, in New Jersey in two of the last
three months, in Illinois in six of the last seven months, and in Arizona in
six of the last 12 months.
· Bank repossessions (REO) in February
decreased 7 percent from the previous month and were down 18 percent from a
year ago.
o Counter to the national trend, 15 states and
the District of Columbia posted a year-over-year increase in REOs, including
Massachusetts (up 117 percent); Delaware (up 90 percent); Illinois (up 40
percent); New Jersey (up 19 percent) and Colorado (up 14 percent).
For a complete copy of the company’s news release,
please contact:
Jennifer von Pohlmann
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