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Mortgage, US Real Estate

Zombie foreclosures rise despite existing moratorium

By Mike Wheatley | June 1, 2021
Research shows that so-called “zombie foreclosures” are emerging in much bigger numbers again as distressed homeowners abandon their properties in the belief that they will soon be repossessed. Around 1.4 million residential homes in the U.S. stood vacant in the second quarter, amounting to 1.4% of all homes, ATTOM Data Solutions said in a new […]
Featured News, Mortgage

Foreclosure activity to resume in July, some banks say

By Mike Wheatley | May 31, 2021
Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that suspend their mortgage payments and protect them from eviction. Meanwhile, around 1.8 million more are not in forbearance […]
US Real Estate

Foreclosure filings rise despite moratoriums in place

By Mike Wheatley | November 19, 2020
The number of foreclosure filings in the U.S. rose almost 20% compared to the previous month during October. ATTOM Data Solutions, which reported the finding, said foreclosure filings include default notices, bank repossessions and scheduled auctions, and said the COVID-19 pandemic is the most likely factor behind the increase. “It’s a little surprising to see […]
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