IRVINE, Calif., May 16, 2019 /PRNewswire/ -- ATTOM
Data Solutions, curator of the nation's premier property
database and first property data provider of Data-as-a-Service
(DaaS), today released its April 2019
U.S. Foreclosure Market Report, which shows foreclosure filings —
default notices, scheduled auctions and bank repossessions — were
reported on 55,646 U.S. properties in April
2019, down 5 percent from the previous month and down 13
percent from a year ago for the 10th consecutive month
with an annual decline.
"While overall foreclosure activity is down nationwide, there
are still parts of the country where we may need to keep a close
eye on," said Todd Teta, chief
product officer at ATTOM Data Solutions. "For instance,
Florida is seeing a steady annual
increase in total foreclosure activity for the 8th
consecutive month, which is being sustained by a constant annual
double-digit increase in foreclosure starts."
April 2019 County Foreclosure Heat
Map
Foreclosure starts increase annually in 17
states
Lenders started the foreclosure process on 30,524
U.S. properties in April 2019, down 5
percent from last month and down 10 percent from April 2018 –third consecutive month with an
annual decline.
States that posted annual decreases in foreclosure starts in
April 2019, included New York (down 43 percent); Nevada (down 36 percent); Colorado (down 34 percent); Maryland (down 31 percent); and Michigan (down 25 percent).
Those major metropolitan statistical areas with a population
greater than 500,000 that saw a large annual increase in
foreclosure starts from last year included Orlando, Florida (up 90 percent); Miami, Florida (up 45 percent); Columbus, Ohio (up 35 percent); Portland, Oregon (up 31 percent); and
El Paso, Texas (up 22
percent).
Counter to the national trend 17 states had an annual increase
in foreclosure starts. Those states included Washington (up 38 percent); Florida (up 34 percent); Oregon (up 22 percent); Louisiana (up 12 percent); and Georgia (up 11 percent).
Highest foreclosure rates in New
Jersey, Maryland and
Delaware
Nationwide one in
every 2,433 housing units had a foreclosure filing in April 2019.
States with the highest foreclosure rates were New Jersey (one in every 980 housing units
with a foreclosure filing); Maryland (one in every 1,218 housing units);
Delaware (one in every 1,249
housing units); Illinois (one in
every 1,371 housing units); and Florida (one in every 1,415 housing
units).
Among 220 metropolitan statistical areas with a population of at
least 200,000, those with the highest foreclosure rates in
April 2019 were Atlantic City, New Jersey (one in every 702
housing units with a foreclosure filing); Fayetteville, North Carolina (one in every 732
housing units); Clarksville,
Tennessee (one in every 853 housing units); Columbia, South Carolina (one in every 946
housing units); and Deltona-Daytona
Beach, Florida (one in every 966 housing units).
Foreclosure completions continue to decline
Lenders
completed foreclosures (REO) on 11,078 U.S. properties in
April 2019, down 9 percent from the
previous month and down 22 percent from a year ago - a
6th consecutive annual decline.
States that saw a double-digit annual decline in REOs included
Alabama (down 45 percent);
Arizona (down 38 percent);
North Carolina (down 32 percent);
California (down 20 percent); and
Nevada (down 14
percent).
Counter to the national trend, 10 states posted year-over-year
increases in REOs in April 2019,
including Washington (up 53
percent); Connecticut (up 22
percent); Kentucky (up 19
percent); and New York (up 3
percent).
Report methodology
The ATTOM Data Solutions U.S.
Foreclosure Market Report provides a count of the total number of
properties with at least one foreclosure filing entered into the
ATTOM Data Warehouse during the month and quarter. Some foreclosure
filings entered into the database during the quarter may have been
recorded in the previous quarter. Data is collected from more than
2,200 counties nationwide, and those counties account for more than
90 percent of the U.S. population. 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). For the annual, midyear and quarterly
reports, if more than one type of foreclosure document is received
for a property during the timeframe, only the most recent filing is
counted in the report. The annual, midyear, quarterly and monthly
reports all check if the same type of document was filed against a
property previously. If so, and if that previous filing occurred
within the estimated foreclosure timeframe for the state where the
property is located, the report does not count the property in the
current year, quarter or month.
About ATTOM Data Solutions
ATTOM Data
Solutions provides premium property data to power products
that improve transparency, innovation, efficiency and disruption in
a data-driven economy. ATTOM multi-sources property tax, deed,
mortgage, foreclosure, environmental risk, natural hazard, and
neighborhood data for more than 155 million U.S. residential and
commercial properties covering 99 percent of the nation's
population. A rigorous data management process involving more than
20 steps validates, standardizes and enhances the data collected by
ATTOM, assigning each property record with a persistent, unique ID
— the ATTOM ID. The 9TB ATTOM Data Warehouse fuels innovation in
many industries including mortgage, real estate, insurance,
marketing, government and more through flexible data delivery
solutions that include bulk file licenses, APIs, market trends,
marketing lists, match & append and introducing the first
property data deliver solution, a cloud-based data platform that
streamlines data management – Data-as-a-Service (DaaS).
Media Contact:
Christine
Stricker
949.748.8428
christine.stricker@attomdata.com
Data and Report Licensing:
949.502.8313
datareports@attomdata.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/us-foreclosure-activity-decreases-13-percent-in-april-2019-300851342.html
SOURCE ATTOM Data Solutions