Fewer Orlando homes in foreclosure, once again

Metro Orlando's drop in foreclosures continues, with 8% fewer filings in April than a month earlier and 35% fewer than a year earlier.

Orange County led the way with a 46% decrease year-over-year, according to data compiled by real estate analyst Attom Data Solutions.

For the region, the month's foreclosures were about a 1-in-2,000 occurrence.

Orlando, Fla.
Aerial view of Orlando Florida. Clear view of Valencia College Ln road.
Javier Cruz Acosta/Javier C. Acosta - stock.adobe.com

The figures also mean fewer opportunities for buyers seeking a deal: Metro Orlando's 170 foreclosure properties on the market in April posed a 43% decrease in inventory year-over-year.

The lone increase in filings the four-county area happened in Seminole, where its 125 foreclosures for the month were 64% higher than the previous month, but still 17% fewer than a year earlier.

Nationally, foreclosures were down 14% month-over-month and 17% year-over-year. Lake County's numbers were closest in the region to the national marks, at 16% and 17%, respectively.

Tribune Content Agency
Foreclosures Mortgage defaults Attom Data Solutions Florida
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