Tuesday , 26 January 2021

Early Stage Foreclosure Filings up Nationwide and in Most States

By Jann Swanson

Posted To: MND NewsWire

While overall foreclosure activity overall continued its now years-long decline from housing crisis peaks there was a significant year-over-year increase in foreclosure starts. RealtyTrac says in its November U.S. Foreclosure Market Report that 55,906 properties started the foreclosure process during the month, a decrease of 1 percent from October but a 6 percent increase from a year ago. This was the first such increase after 27 consecutive months of year-over-year declines. RealtyTrac also said that the 2012 vintage of mortgages is not performing as well as some of its predecessors. The company however did not link this to the recent increase in early stage defaults. The increase in foreclosure starts was not an isolated one. Starts were up in 30 states with the greatest increases in New…(read more)

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