Home foreclosures hit record lows these last two years thanks to COVID-19 relief, which was meant to prevent families from losing their homes during the pandemic.
But now, those foreclosure rates are creeping back up to the highest levels since March 2020.
That’s according to the January 2022 U.S. Foreclosure Market Report by ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac, the largest online marketplace for foreclosure and distressed properties.
The report shows there were a total of 23,204 U.S. properties with foreclosure filings, which includes default notices, scheduled auctions or bank repossessions. That number is up 29% from a month ago and 139% from a year ago.
Texas is among the top three states that saw the greatest increases.
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