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Foreclosure filings decline by 19 percent in July

Posted by Mehran Aram on Mon, Aug 26, 2019 @ 15:08 PM

Foreclosures filings in the U.S. have fallen yet again according to new information released last week. ATTOM Data Solutions shared in its July 2019 Foreclosure and Market Report that filings, default notices, scheduled auctions and bank repossessions were down 19 percent from June and 21 percent from the same period last year.

Nationally, there was a total of 51,056 properties with foreclosure filings against them in July. Counter to the national trend, 21 states and the District of Columbia actually posted year-over-year increases in foreclsoure starts. Lenders repossessed over 11,000 homes in the U.S.

California has seen double digit drops in its statewide foreclosure rate for several months.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 3.625 percent and 15-year rates are near 3.125 percent.

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Topics: foreclosures, Foreclosure Filings, ATTOM Data Solutions, Foreclosure Starts