Foreclosures Are Skyrocketing In These 12 Markets

Foreclosures Have Increased In These 12 Markets As The Number Of Foreclosures Fall Nationwide

foreclosures
Foreclosures have increased 112% in Detroit
There has been a nationwide decline of 17% of foreclosures from April 2017. Yet, these real estate markets have bucked the trend and have seen in an increase of the number of foreclosures.
Attom Data Solutions also claims the number of foreclosure filings has increased over the previous year in 99 of the 219 metro areas last month.
The nationwide rate is one filing for every 2,089 housing units. There were also 64,183 properties in foreclosure for April 2018. Yet, the total foreclosure activity increased compared with April 2017 in 24 of the markets
The number of foreclosures fell nationwide in April compared with the previous year. However, even with the small decline, foreclosures have fallen 34 consecutive months with fewer foreclosure starts on a year-to-year average.
Lenders also came into possession of 14,233 properties during the month. REOs were also down by 45% from March 2017 and by 45% from April 2017. This makes 15 consecutive months where the number of properties becoming owned declined.

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