The report noted the states with the longest average foreclosure timelines for foreclosures completed in Q2 2022 included: Nevada (2,683 days), Hawaii (2,619 days), New Jersey (1,984 days), Louisiana (1,901 days), and New York (1,823 days).ĪTTOM’s Midyear 2022 foreclosure analysis also reported that the states with the shortest average foreclosure timelines for foreclosures completed in Q2 2022 included: West Virginia (82 days), Montana (84 days), Missouri (117 days), Minnesota (141 days), and Arkansas (154 days). Those metros included: Lake Havasu, Arizona (down 47 percent) Eugene, Oregon (down 27 percent) Springfield, Illinois (down 19 percent) Shreveport, Louisiana (down 9 percent) and Brownsville, Texas (down 8 percent).Īlso according to the report, properties foreclosed in Q2 2022 took an average of 948 days from the first public foreclosure notice to complete the foreclosure process, up from 917 days in Q1 2022 and up from 922 days in Q2 2021. Paul-Bloomington, MN-WI (402 in Jan-Jun 2021 1,621 in Jan-Jun 2022) San Antonio-New Braunfels, TX (386 in Jan-Jun 2021 1,397 in Jan-Jun 2022) Phoenix-Mesa-Scottsdale, AZ (570 in Jan-Jun 2021 2,009 in Jan-Jun 2022) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (1,583 in Jan-Jun 2021 5,578 in Jan-Jun 2022).ĪTTOM’s latest foreclosure market report noted that bucking the national trend with decreasing foreclosure activity compared to a year ago in the nation’s most populated metros during the first half of 2022, were only 7 of the 223 metro areas analyzed. metros among those with annual increases in foreclosure filings and a population greater than 1 million, including: Detroit-Warren-Dearborn, MI (401 in Jan-Jun 2021 3,640 in Jan-Jun 2022) Denver-Aurora-Lakewood, CO (145 in Jan-Jun 2021 1,075 in Jan-Jun 2022) Nashville-Davidson–Murfreesboro–Franklin, TN (55 in Jan-Jun 2021 347 in Jan-Jun 2022) Grand Rapids-Wyoming, MI (50 in Jan-Jun 2021 256 in Jan-Jun 2022) Oklahoma City, OK (203 in Jan-Jun 2021 1,003 in Jan-Jun 2022) Tucson, AZ (127 in Jan-Jun 2021 521 in Jan-Jun 2022) Minneapolis-St. The report noted that states with the highest foreclosure rates in the first half of 2022 included: Illinois (0.26 percent of housing units with a foreclosure filing) New Jersey (0.24 percent) Ohio (0.21 percent) Delaware (0.20 percent) and South Carolina (0.19 percent).ĪTTOM’s midyear 2022 foreclosure report also noted that among the 223 metro areas analyzed with a population of at least 200,000, those with the highest foreclosure rates in the first half of 2022, included: Cleveland, Ohio (0.40 percent of housing units with foreclosure filings) Atlantic City, New Jersey (0.33 percent) Jacksonville, North Carolina (0.31 percent) Chicago, Illinois (0.30 percent) and Columbia, South Carolina (0.30 percent).Īlso according to the report, 96 percent of major metro areas saw an annual increase in foreclosure filings from the first half of 2021 to the first half of 2022. The latest ATTOM foreclosure activity analysis shows that nationwide 0.12 percent of all housing units, or one in every 854, had a foreclosure filing in the first half of 2022. All offers are considered however, the highest and best will most likely be accepted. According to the report, that figure was up 153 percent from the same time period a year ago but down just one percent from the same time period two years ago. Foreclosures Wilmington, OH This is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. properties with foreclosure filings - default notices, scheduled auctions or bank repossessions - in the first six months of 2022. Foreclosure Market Report revealed there were a total of 164,581 U.S. "It’s something that should be watched closely in 2020.”ĭespite the ongoing declines, Ohio’s foreclosure rate was the eighth-highest in the nation last year.įoreclosure filings fell in all but six Ohio markets last year compared with 2018. Cincinnatis FOX19 NOW/WXIX is the Tri-States breaking news, severe weather, and sports leader for Southwest Ohio, Northern Kentucky, and Southeast. “There is some reason for concern about the potential for a change in the wrong direction,” Teta said in a news release. Find cheap Wilmington foreclosures for sale including bank foreclosures & government foreclosed homes.
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