The number of foreclosure filings on properties in the six-county Chattanooga, Tenn., metropolitan area dropped 26.8% in the first half of 2017, according to Attom Data Solutions
The rate of foreclosure in Chattanooga during the first six months of the year was 0.248%, which ranked 133rd among the nation's 217 biggest metropolitan areas.
Nationwide, property foreclosure notices, which include default notices, scheduled auctions and bank repossessions, were down 20% so far in 2017 compared with a year ago.
"With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after," said Daren Blomquist, senior vice president with Attom Data Solutions.
"More than 38% of properties sold at foreclosure auction in the first half of this year went to third-party buyers rather than back to the bank — the highest share we've ever seen going back as far as 2000, the earliest this data is available."
