ATTOM: April 2021 U.S. Foreclosure Market Report

ATTOM: April 2021 U.S. Foreclosure Market Report

Industry Update
May 11, 2021

Source: ATTOM Data Solutions

Foreclosure Starts and Completed Foreclosures Decrease 1 Percent from Last Month, 17 Percent Compared to April 2020

IRVINE, Calif. — May 11, 2021 — ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings portal, today released its April 2021 U.S. Foreclosure Market Report, which shows there were a total of 11,810 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 1 percent from a month ago and down 17 percent from a year ago.

“Foreclosure activity continues to trend near historic lows as we enter the 14th month of the Federal Government’s foreclosure and eviction moratorium,” said Rick Sharga, executive vice president at RealtyTrac, an ATTOM Data Solutions company. “Coupled with the CARES Act mortgage forbearance program, the government and mortgage servicing industry have worked together exceptionally well to prevent millions of unnecessary foreclosures. Because of these programs, and the nearly 90 percent success rate of borrowers resuming mortgage payments as they exit forbearance, a large influx of foreclosures when the programs expire seems very, very unlikely.”

For full report, please click the source link above.