Industry NewsMarkets & Economy

Foreclosure filings up in 113 metros in October

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Over half of U.S. metro areas saw an increase in foreclosure activity from September to October, but foreclosure-related filings nationwide were down 19 percent from a year ago, according to the latest report from foreclosure data aggregator RealtyTrac. The number homes subjected to default notices, scheduled auctions or bank repossessions in October rose on a monthly basis in 113 of the nation's 212 metro areas with a population of at least 200,000, RealtyTrac said. One in every 706 U.S. housing units was subjected to a foreclosure filing during the month, a 3 percent increase from September. Bank repossessions were down on an annual basis for the 24th month in a row. At 89,209, foreclosure starts, were down on an annual basis but rose 2 percent from September. Foreclosure starts -- default notices or foreclosure auctions, depending on the state -- were up 54 percent in Nevada, followed by Tennessee (52 percent), Minnesota (28 percent), North Carolina (26 percent) and New Yo...