In May Foreclosures in U.S. Down 50 Percent Annually

Posted by Staff Reporter on Jun 28, 2019 03:10 PM EDT
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In May Foreclosures in U.S. Down 50 Percent Annually (Photo : pixabay)

According to ATTOM Data Solutions May 2019 Foreclosure Market Report, U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 56,152 U.S. properties in May 2019, up 1 percent from the previous month but down 22 percent from a year ago for the 11th consecutive month with an annual decline.

"We are continuing to see a downward trend with overall foreclosure activity, especially in completed foreclosures declining year after year," said Todd Teta, chief product officer at ATTOM Data Solutions. "However, in May 2019 we did see an uptick in the number of states increasing in foreclosure starts going from 17 to 23 states rising annually, and again Florida is bucking the national trend with a continuous annual increase."

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