Foreclosures

There were 66,401 properties with foreclosure filings in October, a jump of 21% from the previous month

Foreclosure activity is down nationwide from a year ago, but certain local housing markets tell a different story.

Top 12 housing markets where foreclosures are spiking

many Gulf Coast markets are just now seeing an uptick in foreclosures from natural disasters in 2017. Servicers offered forbearances and foreclosure moratoriums in the initial aftermath of Hurricanes Harvey and Irma and are now starting to resume normal default servicing operations.

“We saw an initial foreclosure moratorium in those markets, to give people relief who had been affected by the hurricanes, but now lenders are playing catch-up and actually filing some of those deferred foreclosures,” said Attom Senior Vice President Daren Blomquist.

“The effects have masked that there are more widespread increases in foreclosure activity,” he added.

Here’s a look at 12 housing markets where foreclosure filings are surging. The October foreclosure data, from Attom, is ranked by the largest annual gains in foreclosure filings for Metropolitan Statistical Areas with at least 100,000 housing units. The filing totals include preforeclosure notices; public foreclosure auctions; and completed foreclosure actions.

Corpus Christi, Texas

Total foreclosure filings: 94 (+184.85%)
Number of housing units: 188,648
One foreclosure filing for every 2,007 housing units

Houston, Texas

Total foreclosure filings: 1226 (+197.57%)
Number of housing units: 2,448,566
One foreclosure filing for every 1,997 housing units

Beaumont, Texas

Total foreclosure filings: 86 (+352.63%)
Number of housing units: 174,351
One foreclosure filing for every 2,027 housing units

Read the full article 

Copyright – National Mortgage News
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

Donate to LawsInTexas. Make a Difference.

Subscribe to Our Newsletter

We keep your data private and share your data only with third parties that make this service possible. See our Privacy Policy for more information.

© 2020 Laws In Texas. | All Rights Reserved.

To Top