Despite a month-over-month improvement with three primary foreclosure metrics, activity worsened from the same month last year.
During the six months ended June 30, the foreclosure process was initiated on a total of 304,439
U.S. residential properties.
Turns out that first-half 2015 foreclosures initiated were 18 percent lower than in the first half of 2006 — before the foreclosure crisis erupted.
RealtyTrac released the foreclosure data Thursday.
Last month, 117,055 U.S. residential properties were hit with some sort of a foreclosure filing — including default notices, scheduled auctions and bank repossessions.
Foreclosure activity
slowed from May, when 126,868 housing units were previously reported to have faced a foreclosure filing.
But foreclosure filings have picked up since June 2014, when 107,194Â properties were hit with a filing.
From Jan. 1 through June 30 of this year, there have been a total of 597,589 properties that had a foreclosure filing.
More Florida properties faced a foreclosure during June than in any other state: 18,543. California’s 11,678 followed, then
6,489 in Pennsylvania, 6,103 in New Jersey and 5,987 in New York.
Just 25 filings were made last month in Wyoming, the fewest of any state.
June’s U.S. foreclosure rate was one filing made on each 1,128 housing units, improving from one-in-1,041 a month earlier but deteriorating from one-in-1,228 a year earlier.
During the entire first-half 2015, the foreclosure rate worked out to one filing for each 221 housing units.
Florida’s one foreclosure filing for each 486 houses was June’s worst rate in the nation. No. 2 Maryland had a one-in-531 rate. After that was New Jersey’s one-in-584, Nevada’s one-in-677 and Indiana’s one-in-857.
At one foreclosure for each 13,544 housing units, the lowest rate in the country was in South Dakota.
The nation’s mortgage servicers completed 36,503 U.S. foreclosures in June, far fewer than the 44,892 repossessions previously reported for May.
But real-estate-owned filings has worsened compared to June 2014, when there were just 26,889 completed foreclosures.
During the first six months of 2015, completed foreclosures amounted to
209,281.
Florida’s 7,239 REO filings last month were more than in any other state. A distant second was California, where 2,735 foreclosures were completed. Next was Ohio’s 2,207, Pennsylvania’s 1,775 and Texas’ 1,628.
With just 10 repossessions in North Dakota, the state had the best record in June.
