November 2018 Foreclosure Activity

This week for #figuresfriday, ATTOM Data Solutions looked at the latest foreclosure activity data for November 2018. The total number of foreclosure filings for November 2018 was 53,126. The break down is as follows: 18,054 going into default, 23,605 receiving the scheduling of a public auction notice and 11,467 completing the foreclosure process and being repossessed by the banks. States where we saw an annual jump in overall foreclosure activity bucking the national trend, included Florida (up 53 percent), Georgia (25 percent), Wisconsin (23 percent), and Texas (16 percent).

To get a bit more granular we narrowed it down to the major metropolitan areas with a population of 200,000 or more. With Deltona, Florida (up 238 percent), Houston, Texas (up 213 percent), Rochester, Michigan (up 200 percent), Savannah, Georgia (up 183 percent) and Beaumont, Texas (up 182 percent).

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While overall foreclosure activity has declined 17 percent from last year (November 2017), foreclosure starts (the first public foreclosure notice) has only declined 5 percent since last year.

The Top 10 Counties Where Foreclosure Starts Jumped:

If you don’t see the county that you are interested in or you want to look at a different geography level, we have the data! Make sure to click here to get a more in-depth analysis for Harris County, Texas. If you are interested in getting the data for the rest of the counties, just let us know!

ATTOM Data Solutions releases a monthly, quarterly, mid-year and annual foreclosure activity report. Each report is available at various geography levels as well as historically.

Below please find ATTOM Data’s foreclosure activity definitions:

Default Notice: initial notice sent to a homeowner in default, starting the foreclosure process (NOD, LIS).

Auction Notice: notice scheduling a public auction of a foreclosure property if the owner does not pay what is owed during the default period (NTS, NFS).

Bank Repossession (REO): 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.

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