According to the ATTOM Data’s Q3 2023 U.S. Foreclosure Market Report, the number of U.S. properties with foreclosure filings (default notices, scheduled auctions, or bank repossessions) has increased by 28% from Q2 and 34% from the previous year. In September alone, there were 37,679 U.S. properties with foreclosure filings, which is an 11% increase from August and an 18% increase from September 2022.
“Foreclosures are on the rise again this quarter, as indicated by our latest foreclosure numbers…The number of new cases filed by lenders in the third quarter did rise just a small amount from the same period last year and actually dipped a bit quarterly – signs that the upward pattern may be easing. But foreclosure starts are nearly back to where they were two years ago when the federal government lifted a pandemic-related moratorium on most foreclosure filings…” Said Rob Barber, CEO of ATTOM.
Click here to read the full report at ATTOM.
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