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%
