November Foreclosure data from RealtyTrac

Foreclosure activity in November hit the lowest level we’ve seen since June thanks in part to recently enacted laws…this lower activity is simply a temporary lull before another foreclosure storm hits in the coming months.

—James J. Saccacio, chief executive officer of RealtyTrac.

  • National Foreclosure Filings: 259,085 U.S. properties during the month
    • Up 28% from November 2007, and down 7% decrease from the previous month.
    • One in every 488 U.S. housing units received a foreclosure filing in November.
    • Top ten states by rate, totals in parentheses: Nevada (13.9k), Florida (49k), Arizona (13k), California (60k), Michigan (14.6k), Georgia (10k), Ohio (12.9k), Colorado (5k), Utah (2k), Idaho (1.3k)
  • New Jersey
    • 5582 in some form of foreclosure, two thirds of which are Lis Pedens
    • Down 34% month over month, per the moratorium
    • Up 32% year over year
    • One household in every 622
    • Essex County: one household in every 266 housing properties
    • Union County: one in every 406 properties
  • New York
    • 2601 in some form of foreclosure, half of which are Lis Pedens
    • Down 31% month over month
    • Down 55% year over year
    • One household in every 3040
    • Westchester: one in 3418 properties