"IRVINE, Calif. – Oct. 13, 2016 – According to ATTOM Data Solutions, the foreclosure crisis is over.
ATTOM released its September and Q3 2016 U.S. Foreclosure Market Report, which includes default notices, scheduled auctions or bank repossessions. In September, foreclosures dropped 13 percent month-to-month and 24 percent year-to-year to hit their lowest level in over a decade – since December 2005.
"Foreclosure activity has been on a steady slide downward over the past six years, finally dropping back below pre-crisis levels in September," says Daren Blomquist, senior vice president at ATTOM. "While we've know that the national foreclosure problem has been dying a long, slow death for quite some time, the final nail in the coffin of the foreclosure crisis is the year-over-year decrease in the average foreclosure timeline nationwide that we saw in Q3 2016 – the first time that's happened since we began tracking foreclosure timelines in Q1 2007.
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David has been a Realtor in Florida for more than a decade and has extensive knowledge of finances.