Articles on foreclosures

Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic.  In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency.  This is defined as being at ...

Extremely Delinquent Mortgagors Struggling to RecoverThe nation’s delinquency rate in the U.S. in Feb 2022 hit its lowest recorded point since January 1999 according to CoreLogic.  In February 2022 it is report that some of 3.2% of all mortgages in the country were in some stage of delinquency.  This is defined as being at ...

Foreclosures Will Likely IncreaseA recent report from ATTOM Data Solutions states that the current market won’t have to wait long to see an upswing in foreclosure activity since the moratorium on foreclosures was lifted in July 2021. Default notices, bank repossessions, and scheduled auctions spiked by 34% in the third quarter of 2021 and were 67% higher than ...

Housing professionals have long been anticipating the response to the July 31 expiration of the federal moratorium on foreclosures. With August numbers coming in, analysts say there has indeed been a rise in foreclosure activity, but they do not expect a large influx. Borrowers across the nation collectively have record levels of home equity, and the sellers' market is ...