However, the judge in the foreclosure
case ruled that U.S.
Nassau County's pending foreclosure
cases have dropped by 70 percent since 2015, falling from 11,766 in 2015 to 3,579 in July 2018.
ATTOM's year-end foreclosure
report provides a unique count of properties with a foreclosure
filing during the year based on publicly recorded and published foreclosure
filings collected in more than 2,500 counties nationwide, with address-level data on more than 23 million foreclosure
filings historically also available for license or customized reporting.
For example, the Panel Study of Income Dynamics shows that -- all else being equal -- foreclosure
risk doubles after a family sends a child to college.
Foreclosed homes in the Bronx reached record levels in Q3, up a striking 145 percent year-over-year with 247 homes scheduled for foreclosure
It should be noted, while the lenders are held to this standard by the federal government, it is at the judge's discretion whether to discontinue the foreclosure
proceedings upon request by the lender.
The investor share of purchases at foreclosure
auctions reached 20% or higher in only two previous years: 2005 (20%) and 2015 (22%).
MBA also reported that the percentage of loans where foreclosure
had been started during the fourth quarter was down 10 basis points from the fourth quarter of 2014 and down 2 basis points from the third quarter of 2015.
filings in the 24 counties monitored by Gorilla Capital are 29 percent ahead of where they were in the first 11 months of 2014.
The same pattern holds for foreclosure
auction notices, which rebounded after plummeting 60 percent from last year to 100.
Approximately four million American homeowners experienced foreclosure
between 2007 and 2012 (Schwartz and Dewan 2012).