Key Highlights

  • According to ATTOM Data Solutions, foreclosure activity increased +13% on a month-to-month basis in January 2020
  • Foreclosure activity increased +7% from one year ago
  • Nationally, 1 in every 2,270 properties received foreclosure filing in January 2020

Home equity amounts have been climbing so much so over recent time that we’ve nearly forgotten the term “foreclosure activity.”

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According to the latest research from ATTOM Data Solutions, it’s time to resurrect that term again as January 2020 was the second consecutive month in which foreclosure activity had seen an increase.

19 states posted y/y increases in foreclosure starts including

  • California – +27%
  • Tennessee – +21%
  • Georgia – +14%
  • Illinois – +9%
  • Ohio – +3%

States with the worst foreclosure rates in January 2020 included New Jersey, Delaware, Illinois, Maryland and Ohio.

16 states posted y/y decreases in foreclosure starts including

  • Iowa – -44%
  • Oregon – -28%
  • Nevada – -28%
  • Louisiana – -24%
  • Washington – -20%

27 metros posted y/y increases in foreclosure starts in January 2020 including

  • San Antonio – +66%
  • Los Angeles – +63%
  • Riverside CA – +22%
  • Nashville – +19%
  • Chicago – +14%

Metros with populations of 200,000+ that posted the worst foreclosure rates in January 2020 included Atlantic City NJ, Rockford IL Peoria IL, Fayetteville NC and Trenton NJ.

Metros with populations of 1M+ with the highest foreclosure rates included Chicago, Cleveland, Philadelphia, Jacksonville FL and Riverside CA.

Metros with populations of some 200,000+ saw month/month decreases in foreclosure activity during January 2020 included

  • Cleveland – -40%
  • San Antonio – -28%
  • Las Vegas – -27%
  • Dallas – -26%
  • Atlanta – -24%

Lenders increased possession of 20,759 properties in January 2020 by +49% compared with December 2019 and +70% compared with one year ago.

Thanks to ATTOM Data Solutions for source data.

Also read: Home Prices Rise Across Opportunity Zone Redevelopment Areas, Refi Applications Spike +15%, Buying Is More Affordable Than Renting in 53% of the Housing Market