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foreclosure rates june 2020

IRVINE, Calif., July 16, 2020 /PRNewswire/ -- ATTOM Data Solutions, licensor of the nation's most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings portal, today released its Midyear 2020 U.S. Foreclosure Market Report, which shows there were a total of 165,530 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2020, down 44 percent from the same time period a year ago and down 54 percent from the same time period two years ago. Please contact us if you have questions about the underlying data referenced in this article, or would like to have access to that data in the form of custom reports, API, Bulk File or DaaS. Among the high-level June 2020 takeaways were nationwide, one in every 14,798 properties had a foreclosure filing. "The residential foreclosure market across the nation continues to contract amid a combination of booming housing market conditions before the current Coronavirus pandemic hit and a moratorium on activity while the country struggles to overcome the crisis," said Ohan Antebian, general manager of RealtyTrac. States with the highest foreclosure rates in the first half of 2020 were Delaware (0.28 percent of housing units with a foreclosure filing); New Jersey (0.25 percent); Illinois (0.24 percent); Maryland (0.21 percent); and Connecticut (0.18 percent). cba.ca is using a security service for protection against online attacks. The midyear foreclosure activity analysis reported that the states with the highest foreclosure rates in the first half of 2020 were Delaware (0.28 percent of housing units with a foreclosure filing); New Jersey (0.25 percent); Illinois (0.24 percent); Maryland (0.21 percent); and Connecticut (0.18 percent). Midyear 2020 U.S. Foreclosure Market Report, All The report stated that the national foreclosure activity total in Q2 2020 was 89 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007, making Q2 2020 the 15th consecutive quarter with foreclosure activity below the pre-recession average. Foreclosure starts down nationwide, up in three states A total of 99,028 U.S. properties started the foreclosure process in the first six months of 2020, down 44 percent from a year ago to the lowest six-month total going back to the second half of 2005, the earliest data available. Your email address will not be published. posts Bank repossessions drop to lowest level Lenders foreclosed (REO) on a total of 37,917 U.S. properties in the first six months of 2020, down 44 percent from a year ago to the lowest six-month total since we began tracking in 2005. by Christine Stricker. ATTOM’s midyear foreclosure market report stated that among the 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in the first half of 2020 were Peoria, Illinois (0.37 percent of housing units with foreclosure filings); Trenton, New Jersey (0.36 percent); Rockford, Illinois (0.36 percent); Atlantic City, New Jersey (0.32 percent); and Lake Havasu, Arizona (0.30 percent). The national foreclosure activity total in Q2 2020 was 89 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007, making Q2 2020 the 15th consecutive quarter with foreclosure activity below the pre-recession average. South Carolina. ATTOM's report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). Serious delinquency (90 days or more past due, including loans in foreclosure): 3.4%, up from 1.3% in June 2019. States that saw an annual decrease included Florida (down 63 percent); New Jersey (down 43 percent); Illinois (down 37 percent); Georgia (down 33 percent); and California (down 29 percent). Metro areas with second quarter foreclosure activity above pre-recession averages included Portland, McAllen, Huntsville, Salisbury, and Gulfport. Want to learn more about how foreclosures rates are faring in your market? The report also noted that other metro areas with foreclosure rates ranking among the top 10 highest in the first half of 2020 were Fayetteville, North Carolina (0.27 percent of housing units with a foreclosure filing); Bakersfield, California (0.27 percent); Columbia, South Carolina (0.25 percent); Chicago, Illinois (0.25 percent); and Cleveland, Ohio (0.25 percent). That number is down 80 percent from previous quarter, as well as a year ago, to lowest quarterly total since Q1 2006. According to ATTOM Data Solutions’ recently released Midyear 2020 U.S. Foreclosure Market Report, U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2020, hit an all-time low with 165,530 filings reported. Delaware, New Jersey, Illinois post highest state foreclosure rates Nationwide 0.12 percent of all housing units (one in every 824) had a foreclosure filing in the first half of 2020.

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