Bank Repossessions Jumped in November But Overall Foreclosure Activity Was Down 10%

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Foreclosure activity – including default notices, scheduled auctions and bank repossessions – fell 10% in November compared with October and was down 6% compared with November 2018, according to ATTOM Data Solutions.

However, bank repossessions – when looking at them alone – were up 4% compared with the previous month and were up 22% compared with a year ago, according to the firm’s monthly foreclosure report.

Foreclosure starts fell 13% compared with October and were down 11% compared with November 2018.

States with the highest foreclosure activity in November included Delaware, New Jersey, Maryland, Illinois and Florida.

Of the 53 cities with at least 1 million people, those with the highest foreclosure rates included Buffalo, N.Y.; Jacksonville, Fla.; Cleveland, Ohio; Baltimore, Md.; and Philadelphia, Pa.

Of the 220 cities with at least 200,000 people, those with the highest foreclosure rates included Buffalo, N.Y.; Atlantic City, N.J.; Columbia, S.C.; Fayetteville, N.C.; and Trenton, N.J.

Nationally, one in every 2,713 properties had a foreclosure filing in November, according to the firm’s analysis.

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