Foreclosure Starts in Harris on the rise but what do the other numbers look like?
Harris County, Texas had a total of 680 foreclosure filings in November 2018. This is down 16 percent from last month but up 209 percent from November 2017. The foreclosure rate is 1 in every 2,482 housing units receiving a foreclosure filing for the month. This ranks Harris County 33rd in the state of Texas in having the worst foreclosure activity.
Check out the chart below for a more detailed overview of Harris County:
ATTOM Data Solutions newly released foreclosure activity data for November 2018 is available at the national, state, MSA, county, zip code and city level. The foreclosure activity report also includes a detailed breakdown for each foreclosure notice as well as rankings, foreclosure rate and historical comparisons.
Below please find ATTOM Data’s foreclosure activity definitions:
NOD: Notice of Default (initial notice sent to a homeowner in default, starting the foreclosure process).
LIS: default notice instrument used in judicial foreclosure states (as opposed to NOD used in non-judicial foreclosure states)
NTS: Notice of Trustee’s Sale: notice scheduling a public auction of a foreclosure property if the owner does not pay what is owed during the default period.
NFS: notice of sale instrument used in judicial foreclosure states (as opposed to NTS used in non-judicial foreclosure states)
REO: Real Estate Owned by the Lender: if a third party does not purchase the property at the public auction then it is repossessed by the foreclosing lender. These properties are called REOs.
Total: A sum of all the different foreclosure filings (above). This is still a unique property count. If a property receives more than one filing during the month, we only count the most recent filing.
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.
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.