{"id":3371,"date":"2017-04-13T00:00:00","date_gmt":"2017-04-13T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/where-foreclosure-deals-can-still-be-found\/"},"modified":"2017-04-13T00:00:00","modified_gmt":"2017-04-13T00:00:00","slug":"where-foreclosure-deals-can-still-be-found","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/where-foreclosure-deals-can-still-be-found\/","title":{"rendered":"Where Foreclosure Deals Can Still Be Found"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n
<\/p>\n

Fewer foreclosures<\/a> are on the market. First-quarter foreclosure<\/a> activity has fallen below pre-recession levels nationwide in 102 out of 216 metro areas analyzed, according to ATTOM Data Solutions. Still, a few markets are showing elevated levels of foreclosures.<\/p>\n

\n

Read more<\/strong>: Where Foreclosure Backlogs Remain a Problem<\/span><\/p>\n<\/blockquote>\n

For example, first-quarter foreclosure activity levels were still above pre-recession averages in Philadelphia (97 percent above); New York (80 percent above); Washington, D.C. (64 percent above); Boston (26 percent above); and Chicago (9 percent above).<\/p>\n

Nationally, one in every 1,604 properties had a foreclosure filing in March, according to ATTOM Data Solutions\u2019 report. The following metro areas with populations of at least 200,000 had the highest foreclosure rates in March:<\/p>\n

    \n
  1. Trenton, N.J.: 1 in every 355 housing<\/a> units received a foreclosure filing<\/li>\n
  2. Atlantic City, N.J.: 1 in every 452<\/li>\n
  3. Philadelphia: 1 in every 577<\/li>\n
  4. Rockford, Ill.: 1 in every 631<\/li>\n
  5. Peoria, Ill.: 1 in every 710<\/li>\n<\/ol>\n

    Additional metros among the top 10 list of foreclosure rates in March were Reading, Pa.; Las Vegas; Chicago; Baltimore; and Ocala, Fla.<\/p>\n

    A handful of metros also are posting year-over-year increases in foreclosure activity, such as New Jersey (34 percent increase); Oklahoma (13 percent); and Louisiana (7 percent increase).<\/p>\n

    Foreclosures sold for an average discount of 18 percent below market value in February, according to the National Association of REALTORS\u00ae.\u00a0<\/p>\n

    Source: RealtyTrac<\/em><\/p>\n<\/div>\n<\/div>\n

    [ad_2]
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     link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Fewer foreclosures are on the market. First-quarter foreclosure activity has fallen below pre-recession levels nationwide in … Where Foreclosure Deals Can Still Be Found<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3372,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[623,1285,344,41,818],"class_list":["post-3371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-foreclosure","tag-foreclosures","tag-housing","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/gJJc_kM0gNQ","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6652,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-you-can-still-snag-a-foreclosed-property\/","url_meta":{"origin":3371,"position":0},"title":"Where You Can Still Snag a Foreclosed Property","author":"Amazing Property","date":"October 17, 2017","format":false,"excerpt":"Foreclosure filings have sunk to a more than 11-year low. However, foreclosures haven\u2019t dried up everywhere, and bargain hunters may still find a deal. ATTOM Data Solutions reports that U.S. foreclosure activity in the third quarter was 31 percent below the prerecession average. But some of the nation\u2019s hottest markets\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5404,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreclosures-now-unicorns-of-housing-market\/","url_meta":{"origin":3371,"position":1},"title":"Foreclosures Now \u2018Unicorns\u2019 of Housing Market","author":"Amazing Property","date":"July 21, 2017","format":false,"excerpt":"Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions. \u201cWith a few local market exceptions, foreclosures have become the unicorns of the housing market:\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/1500681055_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/1500681055_1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/1500681055_1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6793,"url":"https:\/\/amazingproperty.com.ng\/blog\/fewer-zombie-homes-haunt-neighborhoods\/","url_meta":{"origin":3371,"position":2},"title":"Fewer \u2018Zombie\u2019 Homes Haunt Neighborhoods","author":"Amazing Property","date":"October 27, 2017","format":false,"excerpt":"This Halloween, you may be less spooked as fewer \u201czombies\u201d are out in real estate. The number of zombie\u00a0preforeclosure properties has plunged 22 percent from a year ago. A zombie\u00a0home is a property that is in foreclosure limbo. The foreclosure process has begun for the home, but it has not\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1509137348 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1509137348_1_rss.png?fit=599%2C619&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7835,"url":"https:\/\/amazingproperty.com.ng\/blog\/foreclosed-homes-dip-to-12-year-low\/","url_meta":{"origin":3371,"position":3},"title":"Foreclosed Homes Dip to 12-Year Low","author":"Amazing Property","date":"January 18, 2018","format":false,"excerpt":"Foreclosures hit a 12-year low in 2017, and the distressed properties remain increasingly difficult to find in many markets.\u00a0Foreclosure filings in 2017\u2014which include default notices, scheduled auctions, and bank repossessions\u2014dropped to the lowest level since 2005. 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