{"id":18126,"date":"2020-11-23T12:37:26","date_gmt":"2020-11-23T12:37:26","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18126"},"modified":"2020-11-23T12:37:26","modified_gmt":"2020-11-23T12:37:26","slug":"foreclosure-filings-are-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-filings-are-on-the-rise\/","title":{"rendered":"Foreclosure Filings Are on the Rise"},"content":{"rendered":"

Foreclosure Filings Are on the Rise<\/h1>\n
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Foreclosure filings in October climbed 20% compared to September\u2019s figures as the pandemic remains a threat to homeownership for some Americans and to the economy, ATTOM Data Solutions, a real estate research firm, reports. Foreclosure filings include default notices, scheduled auctions, or bank repossessions.<\/p>\n

\u201cIt\u2019s a little surprising to see foreclosure activity increasing in spite of the various foreclosure moratoria that are in place,\u201d said Rick Sharga, executive vice president of RealtyTrac. \u201cIt\u2019s likely that many of these properties were already in the early stages of default prior to the pandemic, or are vacant and abandoned, which makes them candidates for expedited foreclosure actions.\u201d<\/p>\n

Some surveys have also suggested that many struggling homeowners may be unaware of foreclosure moratoriums put in place by lenders during the pandemic that may be able to shield them from foreclosure for up to a year. Borrowers must contact their lender to initiate that, however. Read more: 400,000 Homeowners Are \u2018Needlessly Delinquent,\u2019 Study Says<\/a><\/p>\n

The metros areas seeing the largest increases in foreclosure starts last month were New York, Chicago, Los Angeles, Miami, and Houston.<\/p>\n

\u201cIt\u2019s probably not a surprise that almost all of the metro areas where foreclosure activity increased on a month-over-month basis are also places where unemployment rates are higher than the national average, and in many cases have been hot spots of COVID-19 infections,\u201d Sharga says. \u201cStill, it\u2019s important to keep the numbers in context\u2014even with these increases, overall foreclosure actions are still below last year\u2019s levels by about 80%.\u201d<\/p>\n

The states with the highest foreclosure rates nationwide are South Carolina, Nebraska, Alabama, Louisiana, and Florida. Broken out by metro area, the areas with the highest foreclosure rates in October were Peoria, Ill.; Champaign, Ill.; Birmingham, Ala.; and Houma, La.<\/p>\n

A total of 6,042 U.S. properties entered the foreclosure process in October.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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ATTOM Data Solutions<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Foreclosure Filings Are on the Rise Foreclosure filings in October climbed 20% compared to September\u2019s figures as the pandemic remains a threat to homeownership for some Americans and to the economy, ATTOM Data Solutions, a real estate research firm, reports. Foreclosure filings include default notices, scheduled auctions, or bank repossessions. \u201cIt\u2019s a little surprising to … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-18126","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nForeclosure Filings Are on the Rise - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosure-filings-are-on-the-rise\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-filings-are-on-the-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-filings-are-on-the-rise\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Foreclosure Filings Are on the Rise\",\"datePublished\":\"2020-11-23T12:37:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-filings-are-on-the-rise\\\/\"},\"wordCount\":328,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-filings-are-on-the-rise\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/foreclosure-filings-are-on-the-rise\\\/\",\"name\":\"Foreclosure Filings Are on the Rise - 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