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  • Metro East REIA
    • Oct 24, 2021
    • 1 min read

Foreclosure Starts Jump Nationwide

According to ATTOM Data’s Q3 2021 U.S. Foreclosure Market Report, lenders started the foreclosure process on 25,209 U.S. properties in Q3, up 32% from Q2 and up 67% from a year ago. ATTOM says this is the first double digit quarterly percent increase since 2014. Overall, there were a total of 45,517 properties with foreclosure filings in the U.S. This figure is up 34% from Q2 and up 68% from one year ago. In addition, lenders repossessed 7,574 U.S. properties through foreclosure (REO) in Q3, up 22% from Q2 and up 46% from one year ago – the first quarterly increase since Q1 2016. Continue reading HERE...

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