Aug 22

Foreclosures on the Rise in a Few Pockets

Foreclosures on the Rise in a Few Pockets

Foreclosures on the Rise in a Few Pockets

Foreclosures on the Rise in a Few Pockets

oreclosure starts nationwide plummeted to an 11-year low in July, but not everywhere is seeing the drop. In fact, a handful of cities and counties are seeing the opposite, with even one state seeing a jump by more than 100 percent in starts.

Thirteen states posted a year-over-year increase in foreclosure starts in July, according to new foreclosure data released by ATTOM Data Solutions. Those states seeing an increase include:

  • Delaware: foreclosure starts jumped 113%
  • Arizona: +76%
  • Utah: +63%
  • Connecticut: +50%
  • Oregon: +20%
  • South Carolina: +3%
  • Massachusetts: +3%
  • Virginia: +3%

Of the 1,713 counties analyzed with foreclosure starts in July, 36 percent posted year-over-year increases, including Maricopa County (up 43 percent); Prince George’s County, Md. (up 33 percent); Baltimore City, Maryland (up 11 percent); Cuyahoga County, Ohio (up 3 percent); and Broward County, Fla. (up 2 percent).

In July, the metros with populations of at least 200,000 that had the highest overall foreclosure rate were:

  • Atlantic City, N.J.: 1 in every 232 housing units with a foreclosure filing)
  • Trenton, N.J.: 1 in every 515
  • Lakeland-Winter Haven, Fla.: 1 in every 565
  • Deltona-Daytona Beach-Ormond Beach, Fla.: 1 in every 568
  • Tampa-St. Petersburg-Clearwater, Fla.: 1 in every 698

Nationally, one in every 1,540 housing units received a foreclosure filing in July.

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