ATTOM: April 2024 foreclosure filings down four (4) percent over prior month and down four (4) percent over prior year; April 2024 foreclosure starts down seven (7) percent over prior month and down three (3) percent over prior year. Massachusetts and Connecticut among the top five (5) states with the largest percent decrease in foreclosure starts. #mortgage #foreclosure #defaultservicing See https://lnkd.in/ernmjD-2
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ATTOM: April 2024 foreclosure filings down four (4) percent over prior month and down four (4) percent over prior year; April 2024 foreclosure starts down seven (7) percent over prior month and down three (3) percent over prior year. Massachusetts and Connecticut among the top five (5) states with the largest percent decrease in foreclosure starts. #mortgage #foreclosure #defaultservicing See https://lnkd.in/ekn8u3AB
Foreclosure Activity Nationwide Shows Slight Decline in April 2024
https://www.attomdata.com
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ATTOM: U.S. residential foreclosure starts up two (2) percent from Q4 2023 and up four (4) percent from a year ago; New Hampshire and Rhode Island among five (5) states with the highest percentage increase in foreclosure starts (minimum 100 foreclosure starts). #mortgage #foreclosure #defaultservicing https://lnkd.in/eSSPucvr
U.S. Foreclosure Activity Increases Quarterly in Q1 2024
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ATTOM: November 2023 U.S. foreclosure filings down seven (7) percent from October 2023, up five (5) percent from November 2022; CEO Rob Barber: "[a]s we look ahead to 2024, we anticipate a potential uptick in foreclosure activity as various economic factors evolve and market dynamics shift." #mortgage #foreclosure #defaultservicing See https://lnkd.in/gMxPEGWU
Seasonal Influence Eases U.S. Foreclosure Activity, Marking Slight Decline
https://www.attomdata.com
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ATTOM: U.S. foreclosure activity in first half of 2024 down 4.4 percent from same time in 2023. Massachusetts among top five (5) states in greatest increase in foreclosure activity. Connecticut among top 10 states in the nation with highest foreclosure activity. #mortgage #foreclosure #defaultservicing See https://lnkd.in/dW87vfR5
Foreclosure Activity in First Half of 2024 Down from Previous Year
https://www.attomdata.com
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ATTOM: U.S. foreclosure filings in January 2024 increased 10 percent over the prior month, five (5) percent over the prior year; January 2024 was the first month-over-month increase in completed foreclosures since July 2023. If the January 2024 number becomes the monthly average for 2024, the U.S. would see the highest number of foreclosure filings (399,240) since 2017 (428,400). #mortgage #foreclosure #defaultservicing See https://lnkd.in/e4sK-SP6
ATTOM: Foreclosure Filings Jumped 10 Percent in January - MortgageOrb
https://mortgageorb.com
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Current Foreclosure Trends in Florida (as of December 23, 2023): Mixed Signals: Recent decline in foreclosure activity: After a significant rise earlier this year, foreclosure filings in Florida have dipped slightly in recent months. Data from ATTOM, a leading property data provider, shows that September 2023 saw a 15% decline in foreclosure activity compared to August. Numbers remain above pre-pandemic levels: Despite the recent decline, foreclosure activity in Florida is still higher than before the pandemic. October 2023 saw a 9% increase in foreclosure filings compared to October 2022. Market variations: Different parts of Florida are experiencing different foreclosure trends. Some counties, like Osceola and Broward, have seen a higher increase in foreclosure activity than the state average, while others, like Miami-Dade, have seen a slight decline. Key Factors Influencing Foreclosures: Rising interest rates: Higher interest rates make it more expensive for homeowners to make mortgage payments, increasing the risk of delinquency and foreclosure. Economic uncertainties: Inflation, global events, and potential recession fears can lead to job losses and financial instability, impacting homeowners' ability to pay mortgages. Affordability challenges: The rising cost of housing and other living expenses in Florida can strain budgets and make it difficult for some homeowners to afford their mortgage payments. Outlook: Uncertainty persists: Predicting the future of foreclosure activity in Florida is challenging due to the interplay of various economic factors. Close monitoring recommended: Homeowners facing financial difficulties should closely monitor their situation and seek help early if needed. Resources available: Several resources are available in Florida to assist homeowners facing foreclosure, such as HUD-approved housing counseling agencies and legal aid organizations.
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Real Estate Professional | Miami Realtor | Helping Professionals Build Wealth Through Real Estate | Passionate About Travel, Boating, and Italian Culture
Understanding Today's Foreclosure Numbers: Not Like 2008 Recent headlines have highlighted an increase in foreclosure filings in today's housing market, sparking concern for potential homebuyers. However, it's crucial to put these reports into context to grasp the true situation. According to a recent report from ATTOM, foreclosure filings have risen by 2% compared to the previous quarter and 8% since last year. While these numbers may appear alarming, it's essential to understand that the market is not headed towards a foreclosure crisis. Context Matters: A Different Landscape Than 2008 In recent years, foreclosures reached record lows due to the forbearance program and other relief options that supported homeowners during challenging times. Additionally, rising home values allowed many homeowners to leverage their equity and sell their homes instead of facing foreclosure. As the government's moratorium ended, an expected rise in foreclosures occurred. However, this doesn't signify trouble for the housing market. The situation today is different from the Great Recession. Most homeowners have significant equity in their homes, and lenders are catching up with delayed activity from the pandemic period. Unlike the flood of foreclosures during the housing crash, today's foreclosures are far below record-high levels. This is partly due to the improved qualifications of today's buyers, making them less likely to default on their loans. Putting the Data into Perspective While foreclosure numbers are increasing, it's essential to recognize that it's not indicative of a market crash. Understanding the context behind these numbers is crucial. The rise in foreclosures is not comparable to the crisis experienced during the housing bubble burst. In Summary Today's foreclosure numbers may be rising, but it's important to remember that the market is not experiencing a repeat of the 2008 crisis. Connect with Anthony Spitaleri and our expert real estate team to gain valuable context on the current market conditions and make informed decisions in Miami's real estate market.
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Many people face foreclosures every day in America. As a result, they lose their homes, accumulate more debt, and ruin their credit for years. This is, however, AVOIDABLE in most cases. If you or someone you know is going through foreclosure, a sheriff’s sale, or any financial difficulties regarding their mortgage or property taxes. I'd be more than happy to help you explore all the available options. DM for more information. https://lnkd.in/eSqp7T2w #foreclosure #foreclosureprevention #foreclosurehelp #ForeclosureAssistance #foreclosurespecialist #ForeclosureRelief #shortsale #loanmodification #mortgage #realestate #REALTOR #NewJersey
Home Foreclosures Soaring, Especially In These States, Report Shows | The Daily Wire
dailywire.com
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ATTOM: February 2024 U.S. foreclosure filings -- e.g., default notices, scheduled auctions, bank repossessions, etc. -- up eight (8) percent over February 2023; Connecticut among the top five (5) states in the U.S. with highest rates of foreclosure. #foreclosure #mortgage #defaultservicing See https://lnkd.in/gJrTbgbq
U.S. Foreclosure Activity Continues to See an Annual Increase
https://www.attomdata.com
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ATTOM: February 2024 U.S. foreclosure filings -- e.g., default notices, scheduled auctions, bank repossessions, etc. -- up eight (8) percent over February 2023; Connecticut among the top five (5) states in the U.S. with highest rates of foreclosure. #foreclosure #mortgage #defaultservicing See https://lnkd.in/e3fYHj8V
U.S. Foreclosure Activity Continues to See an Annual Increase
https://www.attomdata.com
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