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U.s. Property Foreclosures At 10-year Low In 2016

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Head Surfer

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Florida
Foreclosures hit a 10-year low and property owners in all but 15 states experienced fewer of the early stages of foreclosure, usually begun after owners have missed four mortgage payments, according to the report by ATTOM Data Solutions, formerly called RealtyTrac. Final repossessions of properties also dropped overall, but did increase in 21 states and the District of Columbia, including Massachusetts, Alabama, New York, Virginia and New Jersey. Daren Blomquist, spokesman for the Irvine, California, data company, said just over half of the foreclosures that did take place were related to the housing crisis, which began in 2008 amid turmoil in the financial markets and the bursting of a years-long bubble in U.S. real estate prices.

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Walter Kirk

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Jun 24, 2003
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New Jersey
In other words 30% of the states had increased foreclosure activity and 42% of the states had increases in the number of repossessions. Happy days are here again!
 

Restrain

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Jan 22, 2002
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Certified General Appraiser
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Florida
Forclosures around here are back to normal, with the bulk either the final cleanup of the fake foreclosure doc signings, or settlement of reverse mortgages. Homes that were upside downin 2007 have finally pretty much recovered their values.
 

AMF13

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Jan 24, 2002
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Certified Residential Appraiser
State
California
It appears to me they are still parceling out the shadow inventory a bit at a time. maybe a little faster lately. :shrug:
 
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