Q3 2020 U.S. Foreclosure Activity Reaches Historical Lows As The Foreclosure Moratorium Stalls Filings

IRVINE, Calif., Oct. 15, 2020 /PRNewswire/ — 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 Q3 2020 U.S. Foreclosure Market Report, which shows there were a total of 27,016 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the third quarter, down 12 percent from the previous quarter and down 81 percent from a year ago to the lowest level since we began tracking quarterly filings – Q1 2008.

The report also shows there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2 percent from the previous month and down 80 percent from September 2019.

“Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state

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Foreclosure Activity Hits Historic Lows As Filings Drop 81%

Foreclosure filings, including default notices, scheduled auctions or bank repossessions, dropped 81 percent year over year to 27,016 filings, according to Attom Data Solution’s Q3 2020 U.S. Foreclosure Market Report. The number, which was also down 12 percent from the previous quarter, marks a new historic low in filings since Attom began tracking the data during the first quarter of 2008.

Foreclosure filings in September 2020 alone — which totaled 9,707 filings — were also down 80 percent from the previous year.

Rick Sharga | RealtyTrac

“Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state and local governments and the mortgage forbearance program initiated by the CARES Act,” Rick Sharga, executive vice president of RealtyTrac, said in a statement. “But it’s important to remember that the numbers we’re seeing today are artificially low, even as the number

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