Foreclosures continue to rise toward pre-pandemic levels, according to new data from CoreLogic, but mortgage delinquencies are down. This is a positive sign, indicating that foreclosures will likely trend downward soon.
The post CoreLogic: Mortgage delinquencies are down appeared first on Atlanta Agent Magazine.
Category: foreclosures
Foreclosures Are Rapidly Rising. Is Another Crisis Headed Our Way?
Foreclosure filings are soaring since federal protections expired. However, there are some big differences today from the mid-2000s crash.
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Foreclosure activity on the rise, yet still far below historic norms
It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.
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Foreclosures Are Shooting Up—Is It a Repeat of the Early 2000s Housing Crisis?
With a federal moratorium on foreclosures ending, loan forbearance relief running out, and the COVID-19 pandemic continuing, foreclosures are starting to jump up.
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Zombie foreclosures up 21% across the country
Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).
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A Happier New Year: Eviction, Foreclosure Freeze Extended Into 2021 for Lucky Few
Many renters and homeowners won’t lose the roof over their heads at the end of the year as the eviction and foreclosure moratoriums have been extended.
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