Hudson Valley Foreclosures

Foreclosure Filings Increase in October in New York

RealtyTrac® released its U.S. Foreclosure Market Report™ for October 2015, which shows foreclosure filings (including default notices, scheduled auctions, and bank repossessions) increased nationally by 6% from September, but is still down 6% from a year ago.

There was a total increase of 31% from a year ago in properties repossessed by lenders (REO's) in October, but despite the annual increase, REOs in October are at about one-third of their peak in September 2010.  REO's increased from a year ago in 36 states in October, including New York ↑ 320%, New Jersey ↑ 275%, Texas ↑ 119%, North Carolina ↑ 89%, Nevada ↑ 83%, and Illinois ↑ 62%.