Foreclosures on the Rise in Florida: An Expert's Perspective

The state of Florida has seen a dramatic increase in foreclosures over the past year, with one in every 3,964 homes facing foreclosure. This is a staggering 169 percent rise from the previous year. The start of foreclosures has been on the upswing across the country, with bank embargoes increasing by 8 percent compared to the last quarter and the average foreclosure time increasing by 12 percent compared to the previous quarter. ATTOM Data Solutions is a leading provider of property and real estate data, offering high-quality data to promote products that improve transparency, innovation, efficiency and disruption in a data-based economy.

ATTOM's data warehouse contains 30 TB of data on property taxes, deeds, mortgages, foreclosures, environmental hazards, natural hazards and neighborhoods for more than 155 million residential and commercial properties in the U. S. Department of State. This covers 99 percent of the country's population.

ATTOM's rigorous data management process includes more than 20 steps to validate, standardize and improve the real estate data collected, assigning each property registry a unique and persistent identifier known as the ATTOM ID. ATTOM's real estate data is used by many industries such as mortgage, real estate, insurance, marketing and government. The company also offers flexible data delivery solutions such as bulk file licensing, real estate data APIs, real estate market trends, property browser and more. Their latest innovative solution is ATTOM Cloud which offers immediate access and streamlines data management.

When it comes to foreclosures, Florida had some of the highest levels last year. ATTOM reported that there were 9,284 foreclosure applications in the last quarter with 6,671 filed during that period. The states with the highest foreclosure rates were Illinois (one of every 762 housing units with a foreclosure request), Delaware (one out of 812 housing units), New Jersey (one out of every 824 housing units), Maryland (one out of 897 housing units) and Nevada (one out of every 947 housing units). The most recent consumer price index shows that housing costs were “the dominant factor in the monthly increase in the index for all items, except food and energy” which drove up the national rate.

This indicates that foreclosures are likely to continue to climb in Florida as well as other states across the country. As an expert in SEO, I can tell you that it is important to understand how foreclosures are impacting your local area so you can make informed decisions about your investments. By using ATTOM's comprehensive real estate data solutions you can get an accurate picture of what is happening in your area and make sure you are making smart decisions when it comes to buying or selling a home. ATTOM's data solutions provide detailed information about foreclosure rates across the country so you can stay informed about what is happening in your area. With their innovative solutions such as ATTOM Cloud you can access this information quickly and easily so you can make informed decisions about your investments.

Lana Tasma
Lana Tasma

Hardcore social media practitioner. Freelance music guru. Total coffee fanatic. Devoted food trailblazer. Infuriatingly humble tv maven. Professional food advocate.

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