FORECLOSURE ACTIVITY DROPS TO 10-YEAR LOW

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Foreclosure filings — default notices, scheduled auctions, and bank repossessions — were reported on 933,045 U.S. properties in 2016, down 14 percent from 2015 to the lowest level since 2006, when there were 717,522 U.S. properties with foreclosure filings, according to ATTOM Data Solutions.

ATTOM’s year-end foreclosure report is a count of unique properties with a foreclosure filing during the year based on publicly recorded and published foreclosure filings collected in more than 2,500 counties nationwide, with address-level data on more than 23 million foreclosure filings historically also available for license or customized reporting. See full methodology below.

The report also includes new data for December, when there were 85,919 U.S. properties with foreclosure filings, down 1 percent from the previous month and down 17 percent from a year ago — the 15th consecutive month with a year-over-year decrease in foreclosure activity.
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SUNIL SETHI REAL ESTATE
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