In November 2018, there were 53,126 total foreclosure filings nationwide, according to ATTOM Data Solutions. Foreclosure filings include defaults on loans or foreclosure starts (18,054), receipt of a public auction notice on the property (23,605) and repossession by the bank if the house isn’t sold at public auction (11,467).

Despite overall foreclosure activities being down 17% from November 2017, defaults/foreclosure starts are only down 5% compared with November 2017. Why the discrepancy?  People get sick and can’t work.  Businesses shut down.  Natural disasters such as fires, flooding, hurricanes and earthquakes happen.

States that saw a jump in foreclosure starts in November 2018 were

  • Florida – +33%
  • Georgia – +25%
  • Wisconsin – +23%
  • Texas – +16%

Major metros with populations of +200,000 that saw foreclosure starts jump from November 2017 to November 2018 were

  • Deltona Beach +238%
  • Houston – +213%
  • Rochester MI – +200%
  • Savannah – +183%
  • Beaumont TX – +182%

The Top 10 Counties where foreclosure starts jumped from one year to the next in November 2018 were

 

State                                     County                        Y/Y Change

Texas                                   Harris                         +410%

Florida                                 Orange                        +350%

Florida                                 Miami-Dade                  +272%

Ohio                                    Franklin                       +243%

Florida                                 Pinellas                       +237%

Washington                          King                            +175%

Florida                                 Palm Beach                  +160%

Florida                                 Broward                       +160%

Florida                                 Hillsborough                 +149%

Florida                                 Duval                           +132%