Lenders started the third quarter with a total of 67,249 foreclosures in the U.S., up by 167 percent from a year earlier, according to a new data center report by ATTO real estate. The growth rate is close to theContinue Reading
In August, US foreclosures reached pre-pandemic levels nationwide, according to the latest US foreclosure market report published by ATTOM. There were a total of 34,501 properties in the United States with foreclosure applications (default, scheduled auctions, or bank foreclosures), upContinue Reading
Even though the number of borrowers in COVID mortgage bailout programs are falling, those still in trouble, are not underwater as thought. Thanks to the soaring home prices, leading to high levels of home equity, has struggling borrowers are inContinue Reading
The pandemic led to recession-induced low-interest rates, and eager homebuyers setting off the housing market boom. The median price also rose up to 24% since the onset of the COVID – 19. On 31st July, the foreclosure moratorium, which preventsContinue Reading
Last updated on February 2nd, 2021 at 05:39 pmU.S. homeowners looking to delay making mortgage payments is growing, which is a sign that the economic recovery is facing a stumbling block. According to the Mortgage Bankers Association, the number of mortgageContinue Reading
Last updated on February 3rd, 2021 at 12:06 pmAccording to CoreLogic’s most recent Loan Performance Insights Report, in spite of huge numbers of homeowners falling behind on their mortgages in Chicago and in other cities, forbearance measures are keeping foreclosures down.Continue Reading
