Home Foreclosures At 10-year Low

There were foreclosure filings on 933,045 properties last year, 14 percent below 2015

By Peter Fabris, Contributing Editor | January 25, 2017

Foreclosure filings reached their lowest level in 10 years in 2016, according to ATTOM Data Solutions. The past year also had the lowest annual foreclosure rate nationwide since 2006. There were foreclosure filings on 933,045 U.S. properties last year, 14% below 2015. It was the lowest number of filings since 2006, when there were 717,522 properties with foreclosure filings. A total of 478,857 U.S. residential properties began foreclosure proceedings in 2016. That’s 16% less than the year prior and 78% down from the peak of 2,139,005 foreclosure starts in 2009.

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