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Spike in Foreclosure Activity Not a Surprise

Spike in Foreclosure Activity Not a Surprise

February 11, 2022
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The sources that gather such data have all reported a steady decline in mortgage delinquencies since last summer and are all stages are now close to the historic lows that existed prior to the COVID-19 pandemic. However, ATTOM says foreclosure activity is mounting. The company’s U.S. Foreclosure Market Report for January shows there were a total of 23,204 U.S. properties with some type of foreclosure filing during the month. These include default notices, scheduled auctions and bank repossessions or completed foreclosures. This is an increase of 29 percent from a month earlier and 139 percent compared to January 2021. “The increased level of foreclosure activity in January wasn’t a surprise,” said Rick Sharga, executive vice president of RealtyTrac, an ATTOM company. “Foreclos
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