Foreclosure Activity Up 13% in January
According to ATTOM Data’s most recent Foreclosure Market Trends Report, there were just over 60k properties with foreclosure filings across America in January. This figure was 13% higher than December and 7% higher than one year ago. Sizteen states posted year-over-year increases in foreclosure starts. In addition, Attom says bank repossessions saw a nationwide uptick with lenders repossessing 20,759 properties in January, up 49% from December and up 70% from a year ago.
“States with the worst foreclosure rates in January 2020 were New Jersey (one in every 1,046 housing units); Delaware (one in every 1,098 housing units); Illinois (one in every 1,139 housing units); Maryland (one in every 1,507 housing units); and Ohio (one in every 1,517 housing units).”