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S.C. foreclosures down 8% in 2016 from 2015

Real Estate - Residential
Ashley Heffernan
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In 2016, there were nearly 20,000 foreclosure filings in South Carolina, which is down about 8% from 2015 and down more than 40% from the peak of foreclosures in 2010, according to a year-end report from Attom Data Solutions, the parent company of real estate data company RealtyTrac.

There were nearly 20,000 foreclosure filings in South Carolina in 2016, an 8% decrease from 2015 and more than 40% fewer than the peak in foreclosures in 2010. (Photo/File)Foreclosure filings can include default notices, scheduled auctions and bank repossessions.

The 19,784 foreclosure filings equate to 0.92% of all housing units in the state, which makes South Carolina the seventh highest state for foreclosure rates, the report said. New Jersey had the highest foreclosure rate in 2016, with 1.86% of housing units in some phase of the foreclosure process.

Across the country, there were 933,045 properties in foreclosure, which is down 14% from 2015 to the lowest level since 2006. That equates to 0.70% of all U.S. housing units with a foreclosure filing, the report said.

“The national foreclosure rate stayed within an historically normal range for the third consecutive year in 2016, even as banks continued to clear out legacy foreclosures from the last housing bubble, particularly in the final quarter of the year,” Daren Blomquist, senior vice president at Attom Data Solutions, said in the report. “Foreclosures completed in the fourth quarter had been in the foreclosure process 803 days on average, a substantial jump from the third quarter and indicating that banks pushed through significant numbers of legacy foreclosures during the quarter. Despite that push, we still show that more than half of all active foreclosures nationwide are on loans originated between 2004 and 2008, with a much higher share of legacy foreclosures in some markets.”

Foreclosure data for S.C. counties in 2016

County

Properties with
foreclosure filings in 2016

1 in every X housing
units in foreclosure

Foreclosure
rate rank

% change
from 2015

% change
from 2014

Abbeville

52

231

38

-21.21

26.83

Aiken

719

102

11

-2.57

2.42

Allendale

4

1,114

46

0.00

-33.33

Anderson

854

100

10

1.67

0.23

Bamberg

32

239

41

-11.11

28.00

Barnwell

64

163

25

-18.99

1.59

Beaufort

788

119

15

-15.18

-33.61

Berkeley

879

86

5

-12.01

-22.42

Calhoun

34

215

34

17.24

-12.82

Charleston

1,260

138

19

-7.89

-20.95

Cherokee

136

176

31

-20.00

7.94

Chester

109

134

18

1.87

-11.38

Chesterfield

79

271

44

21.54

25.40

Clarendon

73

239

40

-8.75

23.73

Colleton

127

156

23

-7.97

22.12

Darlington

175

173

28

7.36

21.53

Dillon

55

248

42

-5.17

22.22

Dorchester

899

63

1

-9.19

-19.95

Edgefield

61

173

29

-15.28

35.56

Fairfield

95

123

16

9.20

37.68

Florence

402

147

21

-10.07

-3.83

Georgetown

207

163

26

11.29

16.29

Greenville

2,014

98

8

0.10

-8.70

Greenwood

290

107

12

9.02

-9.09

Hampton

42

216

35

-37.31

-19.23

Horry

1,347

140

20

-16.59

-31.69

Jasper

65

163

24

-1.52

16.07

Kershaw

364

76

4

-2.93

5.81

Lancaster

214

154

22

-7.36

-17.69

Laurens

170

180

32

-2.30

-7.10

Lee

45

172

27

73.08

50.00

Lexington

1,578

74

3

3.61

-7.93

Marion

66

225

36

-17.50

4.76

Marlboro

21

572

45

133.33

250.00

McCormick

24

228

37

26.32

-4.00

Newberry

165

109

13

33.06

22.22

Oconee

224

174

30

-16.73

-7.44

Orangeburg

323

131

17

-10.53

-19.25

Pickens

460

112

14

-11.37

-13.37

Richland

2,323

71

2

-17.36

-12.24

Saluda

36

257

43

-7.69

9.09

Spartanburg

1,247

99

9

-13.28

-10.74

Sumter

490

95

7

-1.01

3.38

Union

74

190

33

-2.63

15.63

Williamsburg

64

239

39

-8.57

28.00

York

1,034

93

6

-16.81

-23.35

Source: RealtyTrac

 

Reach Ashley Heffernan at 843-849-3144.

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