By Clare Trapasso | realtor.com
During the worst of the housing crisis, foreclosures were everywhere. Vacant, boarded-up homes with overgrown lawns out front littered the streets of the nation, turning blocks into ghost towns and dragging down neighboring property values. But now the reverse is true in much of the country.
Foreclosure filings, which include mortgage default notices, scheduled auctions, and bank repossessions, hit the lowest levels in April since November 2005, according to a recent report by ATTOM Data Solutions. The real estate information firm collected data from 2,200 counties representing more than 90% of the population.
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Only one in every 1,723 homes, or nearly 0.06%, received a foreclosure notice in April, according to the report. In the worst of the recession, March 2010, one in every 352 homes was involved with a foreclosure filing. About 77,000 filings were made in April, a 7% drop from March.
