There were 45,517 properties with foreclosure filings in the third quarter, up 34 percent from the second quarter and 68 percent from a year ago, according to ATTOM’s Q3 2021 U.S. Foreclosure Market Report. There were 19,609 properties with foreclosure filings in September, up 24 percent month-over-month and 102 percent year-over-year.
“Despite the increased level of foreclosure activity in September, we’re still far below historically normal numbers,” Rick Sharga, executive vice president at RealtyTrac, an ATTOM company, said in a release. “September foreclosure actions were almost 70 percent lower than they were prior to the COVID-19 pandemic in September of 2019, and Q3 foreclosure activity was 60 percent lower than the same quarter that year. Even with similar increases in foreclosures over the next few months, we’ll end the year significantly below what we’d see in a normal housing market.”
Lenders started the foreclosure process on 25,209 properties in the third quarter, up 32 percent from the second quarter and up 67 percent from a year ago, marking the first double-digit quarterly percent increase since 2014.
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