Tag Archives: REOs

A monthly report shows that states with the highest number of foreclosure starts include the red-hot real estate markets of California, Florida, and Texas.

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.

“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.

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.

Foreclosure activity, up 98% year-over-year in November, “declined from last month, and lenders often put a moratorium on foreclosures during the holiday season,” according to ATTOM’s EVP of Market Intelligence, Rick Sharga.

ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for October which has found that there was a total of 20,587 properties with foreclosure filings against them, up 5% from September and 76% from a year ago. This increase marks the sixth consecutive ...

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.

An analysis of Q1 foreclosures by ATTOM Data Solutions has found that there were a total of 33,699 U.S. properties with foreclosure filings—default notices, scheduled auctions, or bank repossessions—during the first quarter of 2021, up 9% from the previous quarter, ...