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Foreclosures Continue to Dwindle in 2017

While foreclosures fall, ATTOM Data exec says looser regulations could threaten the improvements.

By Jim DuPlessis | Updated on April 13, 2017

More cities are emerging from the blight of the high foreclosure rates that led into the Great Recession, but some of the gains might be threatened by looser regulation, a national real estate analyst said.

ATTOM Data Solutions, a Los Angeles-based real estate data company, reported Thursday that 234,508 foreclosure filings — default notices, scheduled auctions and bank repossessions — were made in the first quarter of 2017, down 11% from the previous quarter and down 19% from a year ago to the lowest level since the third quarter of 2006. This year’s first-quarter foreclosure activity was 16% below the pre-recession average.

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Jim DuPlessis

Jim DuPlessis

A journalist for decades.

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