BORROWER FAIL: One in every 1,517 properties nationwide had a foreclosure filing in the third quarter.
in the U.S. has increased in recent months amid the uncertain economic environment, according to new data from ATTOM Data Solutions.
There were approximately 92,634 U.S. properties with foreclosure filings from July through September, including default notices, scheduled auctions or bank repossessions, according to ATTOM's Foreclosure Market Report. That's up 3% from the previous three months and up more than 100% from a year ago,Lenders started the foreclosure process on more than 67,200 U.S.
One in every 1,517 properties nationwide had a foreclosure filing in the third quarter. However, the highestthroughout the three-month period were in Illinois, Delaware and New Jersey, according to the data. In Illinois, one in every 694 housing units had a foreclosure filing. In Delaware, one in every 825 housing units did. One in every 855 housing units in New Jersey had a foreclosure filing. Meanwhile, in South Carolina and Ohio, one in every 971 and one in every 1,027 housing units did, respectively.Over the three-month period, lenders ended up repossessing 10,515 U.S.
Still, "very few of the properties entering the foreclosure process have reverted to the lender at the end of the foreclosure," Rick Sharga, executive vice president of market intelligence for ATTOM, said in a statement.
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