Foreclosures See 'Significant' Increase Now That Ban Is Lifted

·4 min read

The nationwide foreclosure moratorium officially expired at the end of July, and while many borrowers are still eligible for mortgage forbearance -- an option to pause mortgage payments due to financial hardship --it appears servicers are picking up steam when it comes to foreclosure filings. In fact, according to the latest report from ATTOM Data Solutions, foreclosure filings rose 24% between August and September alone. On a quarterly basis, foreclosure starts are up 32% from Q2 and 67% compared to Q3 2020.

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