Tag Archives: bank repossessions

“The uptick in overall foreclosure filings nationwide points toward a trend that may suggest more increased activity is on the horizon as we enter the new year,” said ATTOM CEO Rob Barber.

With talk of a recession on the horizon, ATTOM’s latest data breaks down foreclosure rates and related data, as well as how they are being impacted by larger economic factors.

ATTOM has released its August 2022 U.S. Foreclosure Market Report, revealing a total of 34,501 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 14% from a month ago, and up 118% from a year ago. ...

ATTOM reports foreclosure activity creeping up over the first six months of the year, rising 153% year-over-year, but down just 1% from pre-pandemic times of just two years ago.

It’s critical to correctly value distressed assets as they come out of foreclosure. Ken Dicks, Director of Appraisal Compliance & Initiatives for Reggora, shares his perspective with DS News this month.

In the month of May, one in every 12,700 housing units had a foreclosure filing, a total down from April, but up 23% over last year at the outset of the foreclosure moratorium and CARES Act.