Where are Foreclosures Starting to Become Prevalent?
Every month ATTOM Data Solutions sifts through millions of records to find properties that have received an initial foreclosure notice (NOD, LIS), received a notice scheduling a public auction (NTS, NFS) or has now completed the foreclosure process (REO). In doing so, ATTOM Data is able to look at those counties where Foreclosure Starts (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) are becoming more prevalent to uncover possible trends in the market or understand how events (i.e. natural hazards, politics or man-made hazards) can possibly dictate the housing market. If you are interested in learning more about our foreclosure reporting, click here.
For instance, St. Joseph County in Indian saw an annual increase of 3,000 percent in foreclosure starts from April 2017. What could have caused this large increase? Below is just a small sample of some of the counties in the Nation where foreclosure starts either increased drastically from last year:
April 2018 Foreclosure Starts by County
|State||County||MSA||Default||Auction||Starts||Default||Auction||Starts||YoY Pct Change|
|Indiana||St Joseph||South Bend-Mishawaka, IN-MI||1||17||1||31||27||31||3000%|
|Louisiana||Calcasieu||Lake Charles, LA||0||1||1||0||19||19||1800%|
|North Carolina||New Hanover||Wilmington, NC||2||6||2||25||13||25||1150%|
|New Mexico||Otero||Alamogordo, NM||1||9||1||12||6||12||1100%|
Want to see if you can spot any trends in the data? ATTOM Data has this real estate foreclosure data going back at least 10 years.
Contact us to see how you can acquire this dataset!