More than 55,000 U.S. properties were tied to foreclosure filings – such as default notices, scheduled auctions, or bank repossessions – in October 2019, according to a report issued by ATTOM Data Solutions on Thursday.

More than 55,000 U.S. properties were tied to foreclosure filings – such as default notices, scheduled auctions, or bank repossessions – in October 2019, according to a report issued by ATTOM Data Solutions on Thursday.

The figure is up 13 percent from September but down 17 percent from a year ago, according to the report.

“While foreclosure activity across the United States rose in October, in looking at historical trends, October numbers tend to increase as lenders may be pushing filings through the pipeline before the holiday season,” Todd Teta, chief product officer with ATTOM Data Solutions, said in a press release. “The latest number is still below where it was a year ago and less than 15 percent of what it was during the depths of the Great Recession.”

Texas was among the states with the greatest number of completed foreclosures (912), trailing only Florida (1,493) in October 2019.

Lenders repossessed 13,484 U.S. properties last month, hitting the highest point for the year thus far, according to the report.

Before The Foreclosure

There are options to avoid foreclosure, including the popular short sale.

“A short sale is when a seller is in financial hardship due to a variety of reasons (loss of employment, divorce, death of the borrower, etc.),” states the “Short Sale Queen” Nicole Espinosa, a Dallas Realtor, on her website. “In this case the seller owes more than the house is worth and can’t afford to sell their home. We get the seller’s lender to take a loss, so the seller does not owe any money in the transaction, avoiding foreclosure.”

(more…)

Dallas-Fort Worth

Illustration courtesy Flickr

Dallas-Fort Worth is at the top of a list ranking the best cities for science, technology, engineering, and math jobs, the new home market is percolating in DFW, and we find out where North Texas falls in a look at underwater mortgages and home equity, all in this week’s roundup of real estate news.

Dallas-Fort Worth Tops List of Best Cities for STEM Jobs

Dallas-Fort Worth took the top spot nationally in a ranking of best cities for STEM jobs, AEI Housing Center announced last week. (more…)

Niche

Photo courtesy Plano Parks and Recreation

Which North Texas cities made the cut for Niche’s best places to live list? How did Texas fare in a ranking of best (and worst) states to retire in? How is Texas trending in foreclosure starts? We have all this and more in this week’s roundup of real estate news. (more…)

home salesWhat was the final verdict on home sales and home prices in DFW last year? What kind of profit did home sellers get? And how did Texas fare when it came to a ranking of the quality of life in state capitals?

We have all this in this week’s roundup of real estate news. (more…)

Q3 2017 Home Flipping Heat Map, Credit: tableau, darenjblomquist

ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q3 2017 U.S. Home Flipping Report, which shows that single-family homes and condos flipped in the third quarter yielded an average gross flipping profit of $66,448 per flip, representing an average 47.7 percent return on investment for flippers — down from 48.7 percent in the previous quarter, and down from 51.2 percent in Q3 2016 to the lowest average gross flipping ROI since Q2 2015.

(more…)