“April’s foreclosure numbers highlight a mixed landscape in the US housing market,” ATTOM chief executive officer Rob Barber said in the report. “While there is a general downtrend in foreclosure starts and filings, we have also seen an increase in completed foreclosures.”
The states with the highest foreclosure rates were Maryland (one in 2,214 housing units), Illinois (one in 2,517), Nevada (one in 2,546), South Carolina (one in 2,573) and Florida (one in 2,854).
Lenders started the foreclosure process on 21,753 properties in April, a 7% monthly decrease and a 3% annual decline. States with over 100 foreclosure starts saw varying monthly changes, with Maryland (up 85%), Oregon (up 80%) and Oklahoma (up 65%) posting the largest increases against the overall trend.
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On the completed foreclosure side, lenders repossessed 2,904 US properties in April, up 8% from March but essentially flat year over year. Illinois, Pennsylvania, California, New York and Maryland saw the highest REO totals among states.
