The Q3 2021 U.S. Foreclosure Market Report from ATTOM confirms what we’ve been expecting. With the foreclosure moratorium out of the way US foreclosure activity is starting to pick up. According to the report third quarter foreclosure filings were “up 34 percent from the previous quarter and 68 percent from a year ago” with September “up 24 percent from the previous month and up 102 percent from September 2020”. And Illinois had the second highest foreclosure rate in the nation in September.
But as Rick Sharga, executive vice president at ATTOM’s RealtyTrac, points out foreclosure activity is still well below historic norms.
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