U.S. foreclosure activity hit a new high not seen since the start of the COVID-19 pandemic, as foreclosures continue to rebound following the lapse of federal moratoriums, according to data from Attom
Amid federal and state restrictions on foreclosures and evictions, bank repossessions dropped 14% month over month and 80% year over year to just 2,163 US properties foreclosed on by lenders, according to an analysis Thursday from Attom Data Solutions
There were a total of 48,004 properties with foreclosure filings in February 2020, the lowest number since Attom began tracking the data in April 2005
Starts increased by less than 1% year-over-year in July, but increased as much as 107% in individual metros: analysis
Repossessions fell more than 30 percent annually in September
New York, Florida, Illinois all register high REO discounts
Year-to-year rate of decline not seen in four years
RealtyTrac: Rising prices, investor demand spurring lenders to move properties more quickly
Scheduled auctions in judicial states climb to 30-month high
Foreclosure rate is 3 times higher in judicial foreclosure states
RealtyTrac: Florida once again has nation's highest foreclosure rate
Foreclosure starts drop in Arizona, Nevada, Oregon
LPS: Most homes in foreclosure in judicial states delinquent for more than 2 years
RealtyTrac: Short sales on track to overtake REOs in California, Arizona
RealtyTrac: Short sales outnumber REO sales in California, Arizona, Florida