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Detailed Property Data Glossary

Better understand ATTOM Data Solutions elements, report definitions, real estate insight and industry knowledge.

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There are currently 9 terms in this directory beginning with the letter F.
Fair Market Rents
The amount of rent owned on a non-luxury property, as determined by by Department of Housing and Urban Development. Fair Market Rent rates were bought into force by the HUD to determine how much rent should be payable by those on low incomes.
FHA Loan
Loans backed by the Federal Housing Administration
Fixed-Rate Mortgage
A fixed-rate mortgage is a mortgage in which the interest rate is not increased for a fixed period, such as 5 years.
Flood Zones
Flood zones are geographical areas at risk of flooding in the event of a river or coastal flood on the Flood Insurance Rate Map. Flood Zone C or Zone X: low probability of flooding, less than 0.2% annually. Flood B: medium risk, more than 0.2% chance of flooding annually. Flood Zone A: refers to Special Flood Hazard Areas (SFHAs) at high risk of flooding: above 1%.
Foreclosure Data
A collection of foreclosure data that's second to none in both judicial and non-judicial jurisdictions. Historical and current foreclosure data on all the stages of the foreclosure process. Which includes pre-foreclosure notices (NODs and LIS), public foreclosure auctions (NTS and NFS) and Bank Owned (REOs) properties.
Foreclosure Rank
The ranking of the state/county/MSA foreclosure rate among all the states/counties in state/top MSAs we track (all those with a population of 200,000 or more), with 1 being the highest foreclosure rate.
Foreclosure Rate
1/every X HU: the number of total housing units (based on Census bureau estimates) divided by the total number of properties with foreclosure filings. If the number is 100, you could say that one in every 100 housing units received a foreclosure filing during the month.
Foreclosure Start
The first public foreclosure notice, which can be a notice of default, a lis pendens, or a notice of trustee sale depending on the state where the property is located.
Foreclosure Timeline
(Length to Foreclose) - the length to foreclose is the average time it takes to complete the foreclosure process, from the foreclosure start (the first public notice that the foreclosure process has started) to the foreclosure completion (when a lender repossess a property at the public foreclosure auction). We calculate this each quarter by looking at all foreclosure completions that occurred during that quarter and then looking at how long those took from the foreclosure start on average.

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