Foreclosures across the board are up, especially year-over-year, according to ATTOM, a leading curator of land, property, and real estate data.
Its Q3 2023 U.S. Foreclosure Market Report showed that filings — default notices, scheduled auctions or bank repossessions — are up 28 percent from the previous quarter and 34 percent from a year ago.
There was a total of 124,539 US properties with foreclosure. However, Rob Barber, CEO at ATTOM, said in prepared remarks that 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.
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