Posted To: MND NewsWire

While the federal moratoriums are keeping the numbers low, ATTOM Data Solutions reports that 16 percent more residential properties received a foreclosure filing in February compared to a month earlier. The 11,281 properties that were subject to a default notice, scheduled auction or a bank repossession was down 77 percent year-over-year. Nationwide one in every 12,182 housing units were the recipient of a filing in February 2021. “Extensions to the Federal Government’s foreclosure moratorium and CARES Act mortgage forbearance programs continue to keep foreclosure activity historically low,” said Rick Sharga, executive vice president of RealtyTrac, an ATTOM Data Solutions company. “These government actions, and the efforts of lenders and mortgage servicing companies, have helped millions of…(read more)

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Source: Mortgage News Daily