That represents 0.13% of all properties, a total of 6,861 foreclosed properties. 96% of major metropolitan areas saw an annual increase in foreclosure filings, with the highest foreclosure rates in Illinois, New Jersey and Ohio. And when it comes to the number of foreclosures initiated, California topped the list, followed by Florida, Tennessee, Illinois and Ohio.
Where are the most foreclosures?
That represents 0.13% of all properties, a total of 6,861 foreclosed properties. 96% of major metropolitan areas saw an annual increase in foreclosure filings, with the highest foreclosure rates in Illinois, New Jersey and Ohio.
Related Articles
What is the downside of a foreclosure?
You can find foreclosed homes in your area by doing a quick Google search. You can do this yourself, but consider hiring a real estate agent.
How badly does a foreclosure affect your credit?
Once a home is lost due to foreclosure, the homeowner's credit score could drop dramatically. According to FICO, for borrowers with a good credit score, a foreclosure can lower their score by 100 points or more.
What is the most common foreclosure?
Judicial Foreclosure This is the most common type of foreclosure. It's allowed in all states and in some states it's mandatory.
How long do you have to move out after foreclosure auction in virginia?
After a non-judicial foreclosure in Virginia, the buyer who bought the home in the foreclosure sale can initiate another wrongful withholding action (eviction). The foreclosed landlord could receive a five-day notice to stop smoking (leave).
