March 29, 2017

July Foreclosure Rate Increases

The number of foreclosure filings in the US during July was 325,299 homes – a 4% increase from June. Additionally, July marks the 17th consecutive month that foreclosure filings have exceeded 300,000 homes, according to statistics from RealtyTrac. Of the 325,299 filings in July, 92,858 homes were repossessed, while the remaining filings represent other types of filings, such as notice of default and auction notification. The chart below shows the ten states with the highest ratio of foreclosures – it’s no surprise that Nevada leads the pack, which it has done for the past 43 months.

July marked an increase of foreclosures for most states.


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