August 2023’s Foreclosure Market Report, curated by ATTOM Data, showed that there was a total of 33,952 residential real estate properties with foreclosure filings against them, a number that jumped 7% from July but decreased by 2% year-over-year.
Read More »Rising Foreclosure Starts: Navigating The Challenges And Leveraging Innovative Solutions
While the need for more staff increases during a rise in foreclosure starts, during quieter times, it becomes economically unviable to maintain a large staff. Travis Britsch discusses how unpredictable variability poses a daunting challenge for trustees and attorneys.
Read More »Purchase Lending, Refinance, and Home Equity Activity Rebounded in Q2
ATTOM's latest Residential Property Mortgage Origination Report showed purchase lending led the way in Q2, spiking nearly 30%, while overall refinance and home equity activity also rose after eight straight quarterly declines.
Read More »Foreclosure Filings Up 5% Year-Over-Year in July
ATTOM reports that nationwide, one in every 4,380 housing units reported a foreclosure filing in July 2023, with Maryland leading the pack with one in every 2,071 housing units reporting a foreclosure filing.
Read More »U.S. Foreclosure Filings Exceed 185K in First Half of 2023
ATTOM reports that foreclosure activity through the first six months of 2023 maintained an upward trajectory, nearing levels last recorded prior to the pandemic.
Read More »Illinois Senate Amends Procedural Rules Impacting Foreclosures
Attorney Robert Deisinger takes a look at a new measure in Illinois to seal foreclosure records that were initiated during the COVID pandemic foreclosure moratoria.
Read More »Flippers Accounted for 9% of Q1 Home Sales Nationwide
ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 2023, hitting the second-highest mark for home flippers this century.
Read More »Measuring the Success of Borrower Assistance Programs
A new report from Fitch Ratings found that delinquencies remained flat to close out Q4 2022, with successful workout strategies helping more homeowners retain their homes and avoid foreclosure.
Read More »One in 80 U.S. Homes Reported Vacant in Q2
ATTOM data has found that the number of vacant homes in foreclosure has risen for the fifth consecutive quarter, as zombie properties accounted for the largest share of all homes since before the pandemic.
Read More »Equity-Rich Homes Dwindle During Q1
"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.
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