Foreclosure filings increased in the fourth month following the July 31
expiration of the pandemic related moratorium. ATTOM says those filings were up
5.0 percent in October compared to September with 20,587 properties the subject
of a default notice, scheduled auction, or actual bank repossession. This
represents 76 percent growth from the prior October when the moratorium was in
effect. “As expected, now that the moratorium has been over for three months,
foreclosure activity continues to increase,” said Rick Sharga, executive vice
president at RealtyTrac, an ATTOM company. “But it’s increasing at a
slower rate, and it appears that most of the activity is primarily on vacant
and abandoned properties, or loans that were in foreclosure prior to the pandemic.”

 

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