Foreclosures See 'Significant' Increase Now That Ban Is Lifted
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.
