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Tag Archives: Foreclosure Market Report

Foreclosure Filings: A ‘Concerning Picture’ of Future Trends?

Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”

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Breaking Down August Foreclosure Filing Report Data

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.

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Foreclosure Activity Up Nearly 60% Year-Over-Year

However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.

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Working Without a Crystal Ball

Is your default servicing operation ready for the looming storm? Dru Jacobs of ADFITECH details how to prepare to deal with the impact of an impending crisis.

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