Posted To: MND NewsWire

As was probably inevitable, foreclosure files rose significantly in the third quarter of 2021 and appeared to accelerate in the last month of that quarter. The moratorium on foreclosures which was put in place in March 2020 in response to the COVID-19 pandemic expired on July 31. ATTOM, in its Q3 2021 U.S. Foreclosure Market Report says there were 45,517 foreclosure filings – default notices, scheduled auctions or bank repossessions – during the quarter, a 34 percent increase from Q2 and 68 percent more than in the third quarter of last year. Over 19,000 of those filings occurred in September, 24 percent more than in August and slightly more than double (102 percent) the volume in September 2020. “Despite the increased level of foreclosure activity in September, we’re still far below historically…(read more)

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Source: Mortgage News Daily