Foreclosure Activity Drops to Lowest Quarterly Level in Eight Years

April 16, 2015 4:01 AM

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Foreclosure Activity Drops to Lowest Quarterly Level in Eight Years

Foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 313,487 U.S. properties in the first quarter of 2015, down 7 percent from the previous quarter and down 8 percent from the first quarter of 2014 to the lowest quarterly total since the first quarter of 2007, according to the recently released RealtyTrac®Q1 and March 2015 U.S. Foreclosure Market Report™.

There were a total of 122,060 U.S. properties with foreclosure filings in March, a 20 percent jump from a 104-month low February and up 4 percent from a year ago—the first month with a year-over-year increase in overall foreclosure activity since September 2010.

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