Foreclosure Activity Up 94% from One Year Ago
According to ATTOM Data’s November U.S. Foreclosure Market Report, there were 19,479 properties in the U.S. with foreclosure filings (default notices, scheduled auctions or bank repossessions). This figure is down 5% from the previous month, but it is up 94% from a year ago. In addition, November marks the 7th consecutive month of annual increases. The States with the highest foreclosure rates were Illinois (one in every 3,187 housing units with a foreclosure filing); Florida (one in every 3,319 housing units); Ohio (one in every 3,669 housing units); Delaware (one in every 3,800 housing units); and New Jersey (one in every 4,096 housing units).
“…Despite concerns about a pandemic-driven wave of defaults, mortgage delinquency rates and foreclosure starts have continued to decline due to government and industry programs, and a recovering U.S. economy.” Said Rick Sharga, executive vice president of RealtyTrac, an ATTOM company.
Click here to read the full report at ATTOM Data Solutions.
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