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According to ATTOM’s February 2024 Report: 🏡 “The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market,” said Rob Barber, CEO at ATTOM. “These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices.” ✉️ “Foreclosure starts increase monthly and annually. Lenders started the foreclosure process on 22,575 U.S. properties in February 2024, up 4 percent from last month and up 11 percent from a year ago.” ❓Are we starting to see a shift in the borrower performance dynamics in the residential mortgage sector with more defaults and foreclosures? ⁉️What will Q2 bring? #defaultservicing #foreclosure #residentialmortgage #codeandcounsel

A mixed bag in the Q1 2024 #Foreclosure Report from ATTOM: Foreclosure starts are up modestly - both quarter-over-quarter and year-over-year; but bank repossessions, up 7% from last quarter, are down a whopping 20% from a year ago. March numbers are similarly mixed: foreclosure starts are up 3% from February, while repossessions are down by 20%. This looks like a pattern that may continue to repeat itself for the rest of the year, as borrowers find ways to exit the foreclosure process before the auction, and investors gobble up any properties that make it that far. Whichever way these foreclosure trends go, the Hello Solutions Network can provide top flight legal support for default servicers and investors across the country. Let us know how we can help you! https://lnkd.in/ePYyHWW8

Last month, foreclosure starts were up 4% compared to March of 2023, while foreclosure completions were down 44% in the same comparison. Is the market making a slow transition, or will increased homeowner protections keep foreclosure levels suppressed indefinitely? Learn more: https://lnkd.in/ePYyHWW8

Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2023 were also down 88 percent from a peak of nearly 2.9 million in 2010.

U.S. Foreclosure Activity Sees Uplift In August 2023 Foreclosure Starts Increase 9 Percent from Last Month; Completed Foreclosures Up 1 Percent from Last Month, as the Economy stays volatile the foreclosure markets is starting to heat up. The top markets being impacted are no surprise since they are overpriced and leveraged markets. How this translates the market more toward Rentals vs Homeownership will truly see its colors by the end of 1st Qtr. Beginning of the 2nd Qtr. 2024. https://lnkd.in/dv2-AqhJ

The latest U.S. Foreclosure Market Report from ATTOM Data Solutions for January 2024 has revealed a concerning increase in foreclosure filings. With 33,270 properties facing foreclosure, this marks a 5% rise from last year and a 10% increase from the previous month. According to Rob Barber, CEO of ATTOM, this uptick could be attributed to post-holiday filings and broader economic factors such as rising interest rates and inflation. The report also highlights that 19 states witnessed higher completed foreclosures, with Michigan, Minnesota, California, Pennsylvania, and Missouri experiencing notable increases. Foreclosure initiations were also on the rise, with California, Texas, Florida, New York, and Illinois having the highest numbers. Major cities like New York, Houston, Los Angeles, Miami, and Chicago experienced significant foreclosure starts. In addition to the residential market, the commercial real estate industry is also facing distress, with one-fifth of its debt set to mature in 2024, totaling $929 billion amid challenging financial conditions. These findings indicate the need for caution and vigilance in the coming months. Stay informed and take proactive measures to protect your assets.

A year-end 2023 report from ATTOM shows foreclosure starts up year-over-year in 2023 while foreclosure completions declined annually. Read on to find out more information. #Foreclosures #ProfessionalLandTitleCompany

ATTOM's Q2 2024 Vacant Property and Zombie Foreclosure Report reveals that 1.3 million residential properties in the United States sit vacant. That figure represents about 1.3 percent, or one in 79 homes, across the nation – the same as in the first quarter of this year.

ATTOM has released its Q1 2024 U.S. Foreclosure Market Report, which shows a total of 95,349 U.S. properties with a foreclosure filings during the first quarter of 2024, up 3 percent from the previous quarter but down less than 1 percent from a year ago.  The report also shows a total of 32,878 U.S. #Foreclosure

  Foreclosure Activity Remains Steady In October 2023, ATTOM released its U.S. Foreclosure Market Report, revealing 34,472 U.S. properties with foreclosure filings, reflecting a 6 percent decrease from the previous month but a 6 percent increase from the same period last year. ATTOM CEO Rob Barber expressed concern stating, "With foreclosure filings ranging from 31,557 in January 2023 to 34,472 in October 2023, it is 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." Nationally, one in every 4,051 housing units had a foreclosure filing in October 2023. Among metropolitan areas with populations over 1 million, Miami-Fort Lauderdale, FL; Riverside, CA; Houston, TX; and Philadelphia, PA, had the worst foreclosure rates. Lenders initiated the foreclosure process on 23,343 U.S. properties in October, down 7 percent from the previous month