Maryland Foreclosure Filings Decrease Year-Over-Year: Report

Foreclosure activity in the U.S. decreased on a year-over-year basis in January while increasing 7 percent from December, according to ATTOM Data. Maryland was one of many states that mirrored the national trend and had a year-over-year decrease in foreclosure filings.

According to ATTOM, 12 states and the District of Columbia posted a year-over-year increase in foreclosure activity in January, including New Jersey (up 8 percent); Ohio (up 6 percent); Indiana (up 20 percent); Arizona (up 1 percent) and DC (up 49 percent). In Maryland, foreclosure activity was down 17 percent year-over-year. But the state had the third-highest foreclosure rate.

In January 2018, there were 2,863 foreclosure filings in Maryland or one in every 1,021 properties had a foreclosure filing.

States with the highest foreclosure rates were New Jersey, Delaware, Maryland, Illinois, and Ohio. A total of 28,277 U.S. properties started the foreclosure process in January, up 9 percent from the previous month, but still down 12 percent from a year ago.

Counter to the national trend, 17 states posted a year-over-year increase in foreclosure starts, including New Jersey (up 10 percent); Ohio (up 8 percent); Pennsylvania (up 12 percent); Indiana (up 222 percent); and South Carolina (up 20 percent).

Lenders repossessed through foreclosure (REO) a total of 26,597 U.S. properties in January, up 6 percent from the previous month but still down 17 percent from a year ago.

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