Foreclosure Activity Up 13% in January

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According to ATTOM Data’s most recent Foreclosure Market Trends Report, there were just over 60k properties with foreclosure filings across America in January.  This figure was 13% higher than December and 7% higher than one year ago.  Sizteen states posted year-over-year increases in foreclosure starts.  In addition, Attom says bank repossessions saw a nationwide uptick with lenders repossessing 20,759 properties in January, up 49% from December and up 70% from a year ago.

“States with the worst foreclosure rates in January 2020 were New Jersey (one in every 1,046 housing units); Delaware (one in every 1,098 housing units); Illinois (one in every 1,139 housing units); Maryland (one in every 1,507 housing units); and Ohio (one in every 1,517 housing units).”

Click here to read the report at ATTOMData.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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