The number of properties with foreclosure filings across the United States was 35,498 in May, down 1 percent from a month back, real estate analytics company ATTOM said in a June 10 statement.
May’s monthly decline in filings broke the continuous month-over-month increases seen in the January–April months of the year.
ATTOM CEO Rob Barber said May’s overall foreclosure activity showed a “mixed picture,” with fewer foreclosure starts and a “continued rise in completed foreclosures.”
“This suggests that while fewer new defaults are being initiated, lenders may still be working through a backlog of existing cases. We’ll be watching closely in the months ahead to see how these trends evolve.”…