Foreclosure Filings Down 18% in November: Attom

Mortgage

The largest month-over-month decrease in foreclosure filings since November 2010 occurred last month, according to foreclosure activity data released by Attom Data Solutions.

In November, foreclosure filings dropped 18% from October and 17% from a year ago to 86,561 properties, Attom reported. This represented the 14th consecutive month with a year-over-year decline.

Altogether, 32 states experienced a drop in foreclosure activity.

Additionally, for the 17th consecutive month the number of properties that started the foreclosure process declined year over year, this time by 19% to 35,222.

Also down were the number of properties repossessed by the lender, which dropped 21% year over year to 31,806, and the number of properties scheduled for a future public foreclosure auction, which dipped 13% to 31,579.

Harrisburg, Pa., had the highest foreclosure rate of any metropolitan area with a population at or above 200,000, with one in every 341 properties having a filing.

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