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May 9, 2017

latest data on home foreclosure in the united states



 
The above chart shows the latest trends on home foreclosure in the united states.Ten years after an explosion of home foreclosures plunged the US into a sharp economic recession, Maine is still in recovery mode and lagging behind many other states. Nationwide, the report shows foreclosure filings – defined as default notices, scheduled auctions and bank repossessions – were reported on 234,500 U.S. properties in the first quarter of 2017, down 19% from a year earlier to the lowest level since the third quarter of 2006. In contrast, nearly half of the 216 U.S. metropolitan areas examined in the report had first-quarter foreclosure activity that was below pre-recession levels.
"home foreclosure across United states"

But in Maine, it’s a different story. Foreclosure activity statewide remained up nearly 7,500 percent in 2016 compared with 2006, the last full year before the housing crisis began. There were 3,779 Maine properties in 2016 with at least one foreclosure filing, down 37 percent from Maine’s peak foreclosure year of 2013, when 6,037 properties in the state had at least one foreclosure filing.There were 3,779 Maine properties in 2016 with at least one foreclosure filing, down 37 percent from Maine’s peak foreclosure year of 2013, when 6,037 properties in the state had at least one foreclosure filing. In 2006, that number was just 50, according to Attom Data and RealtyTrac.However Maine’s foreclosure activity peaked one to two years after the national average, primarily because of Maine’s lengthy judicial foreclosure proces