The number of foreclosures dropped to a little more than143,000 during the third quarter to levels not seen since 2005, according to a study titled “Foreclosure Market Report U.S.” conducted by ATTOM Data Solutions. However, 14 states did buck the national trend and saw foreclosures increase, with Georgia and Montana experiencing the highest foreclosure rates.
Todd Teta, chief product officer at ATTOM, said, “Foreclosure activity continues to decline across the country, which is a good sign that the housing market and the broader economy remain strong.”