Although mortgage servicers completed more foreclosures last month, new filings fell to the lowest level in nearly 10 years.
The foreclosure process was initiated on 43,358 U.S. properties in September.
That was the lowest figure since November 2005.
Previously reported data indicate that the number of foreclosures that were started during the month of August was 45,072.
RealtyTrac provided the statistics Thursday.
For the nine months ended Sept. 30, there were
438,250 foreclosures started.
Last month, residential loan servicers made a foreclosure filing on 109,130 homes. Filings include
default notices, scheduled auctions and repossessions.
Total foreclosure filings slipped less than a percent from August. But activity worsened by two percent compared to September 2014.
Year-over-year deterioration has been recorded for six out of the last seven months.
The foreclosure process was completed on 40,308 home loans during September 2015.
Repossessions deteriorated 10 percent compared to the previous report.
Even worse, real-estate-owned filings soared 76 percent from the same report last year — marking the seventh consecutive year-over-year increase.
Year-to-date Sept. 30, 2015, completed foreclosures amounted to 332,321.
Last month’s REO filings in Nevada were up 844 percent from September 2014
— the biggest increase of any state. New York saw a 580 percent rise, followed by New Jersey’s 401 percent, Georgia’s 186 percent and North Carolina’s 183 percent.
