For some time now we’ve been aware that fewer homes are in a state of distress. Official figures show that Foreclosures hit a 12-year low in 2017 and foreclosure filings in 2017 dropped to the lowest level since 2005.
Florida in 2017 had:
- a 45 percent drop in scheduled foreclosure auctions compared to 2016
- a 28 percent decline in foreclosure starts compared to 2016, and
- a 44 percent decline in bank repossessions compared to 2016