Foreclosure activity is at the lowest level in over a decade

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In the big picture, the U.S. economy has recovered from the Great Recession, which officially began a decade. the foreclosure, had income that varied from month to month. They sometimes took out.

A steep decline in the number of foreclosure filings in Ohio last month helped drive down U.S. foreclosure activity to its lowest level in more than a decade, according to figures released today.

It was the lowest level of foreclosure activity since the second quarter of 2006. "Legacy foreclosures from the high-risk loans originated between 2004 and 2008 have largely been cleared out of the distressed market pipeline," says Daren Blomquist, senior vice president at ATTOM Data Solutions, in a statement.

The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.

SALT LAKE CITY – The number of homeowners losing their houses to foreclosure in Utah and around the country is at its lowest rate in a decade. the 15th straight month of year-over-year decline in.

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U.S. Foreclosure Activity Drops To 10-Year Low.. Market Report shows foreclosure filings down 14 percent from 2015 to the lowest level since 2006. Foreclosure. down 17 percent from a year ago – the 15 th consecutive month with a year-over-year decrease in foreclosure activity.

Bank of America reported a surge in local foreclosures. get this activity going. But what happens over time is the big question. And I think, as JW points out, they can’t keep doing that forever.

The LegalShield Housing Activity. year-over-year. Meanwhile, bankruptcies climbed 2.9 percent in Q2 compared to year-ago levels but remain low by historical standards. The LegalShield.

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Having tracked foreclosure listings for over a decade, PropertyShark is the only service in New York that guarantees 100% coverage of the local foreclosure market. The stats include only first-time foreclosures to avoid over-reporting the number of distressed properties in the city, as auctions are frequently postponed and rescheduled.

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