Foreclosure rate is the lowest since 2005, report says
Foreclosure activity fell in 2017 to a 12-year low, according to a new report by ATTOM Data Solutions. In 2017, 0.5 percent of all U.S. residential properties were in some stage of foreclosure — notice of default, scheduled auction or bank repossession. That’s down from a peak of 2.2 percent at the height of the housing crisis in 2010. There are some exceptions to the national trend: New York, New Jersey and the District of Columbia saw increases in foreclosure activity last year — the result of leftover foreclosures from the housing crisis that are still hung up in complicated local legal processes.
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