Mortgage Industry News
« Return to Mortgage Industry News
Foreclosures Plummeting Overall, but Some States Spiking
Friday, July 17, 2015
first half of 2015 saw foreclosure activity continue to decline. RealtyTrac's Midyear U.S. Foreclosure Market
Report shows that 597,589 properties received some type of foreclosure filing
during the six months ended in June.
This included default notices, scheduled auctions, and bank
repossessions or completed foreclosures.
The overall filing numbers are down 3 percent from the first half of
2014 and 13 percent lower than in the second half.
Foreclosure starts declined four percent
from a year earlier to a total of 304,439, the lowest level in 10 years. The figure fell 18 percent below the peak of foreclosure
starts in the first half of 2006, a period which pre-dated the housing crisis.
Read Full Article