March 29, 2017

Foreclosure Filings Soar

The amount of foreclosure filings in August totaled 338,836 – the most filings since the mortgage crisis began in December 2007. Of the 338,386 filings, 95,364 homes were repossessed, while the remaining filings represent other types of filings, such as notice of default and auction notification, according to statistics from RealtyTrac. This number of repossessed homes in August is the highest since RealtyTrac began keeping records in 2005 and this rate has also increased for 7 consecutive months. Nevada leads the nation in foreclosure filings, as the chart below lists the ten states with the highest ratio of foreclosures in August. The number in brackets next to each state indicates the number of slots the state moved since July, when Left and Right News last analyzed the national rate of home foreclosures. Georgia is the biggest mover, which climbed 2 spots and had almost 4,000 more filings in August.

Georgia foreclosure filings only totaled 12,577 in July.

Comments

  1. Great site. A lot of useful information here. I’m sending it to some friends!

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