Overview
- Total properties with foreclosure filings increased 3% from September and 19% from a year ago in October.
- Lenders initiated 25,129 foreclosures, up 6% month over month and 20% year over year, as completed repossessions rose to 3,872, up 2% monthly and 32% annually.
- Florida, South Carolina, Illinois, Delaware and Nevada recorded the highest state foreclosure rates, while the national rate stood at one filing for every 3,871 housing units.
- Foreclosure starts were most numerous in Florida (4,136), Texas (3,080) and California (2,685), followed by Illinois (1,252) and New York (1,165).
- Tampa posted the highest large-metro foreclosure rate due to a Hillsborough County data backlog that ATTOM says should normalize in November.