home foreclosure statistics

Home Foreclosure Statistics

Year Foreclosure Filings Completed Foreclosures Home Repossessions
2014 1,117,426 575,378 327,069
2013 1,369,405 921,064 463,108
2012 2,300,000 2,100,000 700,000
2011 3,920,418 3,580,000 1,147,000
2010 3,843,548 3,500,000 1,125,000
2009 3,457,643 2,920,000 945,000
2008 3,019,482 2,350,000 679,000
2007 2,203,295 1,260,000 489,000
2006 1,215,304 545,000 268,532
2005 801,563 530,000  
2004 640,000    
2003 660,000    
2002 700,000    
2001 540,000    
2000 470,000    
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Foreclosure is a legal process in which a bank attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the home. A short sale is a sale of the home in which the proceeds from selling the property will fall short of the balance of debts when the property owner cannot afford to repay the liens’ full amounts and where the bank agrees to release their lien on the real estate and accept less than the amount owed on the debt. A deed in lieu (DIL) of foreclosure is a deed instrument in which the home owner gives all interest in the property back to they bank to satisfy a loan that is in default and avoid foreclosure proceedings.

Statistic Verification
Source: RealtyTrac, Federal Reserve, Equifax
Research Date: October 31st, 2015

Questions: How many home foreclosures were in 2014 ? what is the total number of homes foreclosed on in 2014? estimated number of home foreclosures ? graphs of home foreclosures Foreclosure stats by year ? how many homes were taken by the banks in 2014 2015? Number of people who filed for foreclosures