ATTOM: Foreclosure Activity Hits 10-year Low

Source:  Housing Wire

Foreclosure activity dropped significantly in 2016 to its lowest point in 10 years, according to the 2016 U.S. Foreclosure Market report from ATTOM Data Solutions, a fused property database.  Foreclosure filings, including default notices, scheduled auctions and bank repossessions, occurred at 933,045 properties in 2016, down 14 percent from 2015's 717,522 properties.  This marked the lowest level of filings since 2006.

ATTOM's report reflected that 0.7 percent of all homes had at least one foreclosure filing in 2016, also the lowest point since 2006.  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.

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