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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Foreclosures fall to historic lows, likely to surge when protections lift

Foreclosures have fallen precipitously because of the CARES Act — which paused foreclosures on federally backed mortgages, which make up the majority of home mortgages in the country — as well as various state and local actions preventing foreclosures, according to ATTOM Data Solutions, which owns a foreclosure listings portal.



a crowd of people in a room: Multiple auctions underway at once during the monthly foreclosure auction hosted by Harris County at the Bayou City Events Center, Tuesday, Oct. 2, 2018 in Houston. During the pandemic, Harris County Judge Lina Hidalgo has often closed the center on foreclosure auction days, citing health risks due to COVID-19.


© Mark Mulligan, Houston Chronicle / Staff Photographer

Multiple auctions underway at once during the monthly foreclosure auction hosted by Harris County at the Bayou City Events Center, Tuesday, Oct. 2, 2018 in Houston. During the pandemic, Harris County Judge Lina Hidalgo has often closed the center on foreclosure auction days, citing health risks due to COVID-19.


Only 27,000 foreclosure filings were posted in the third quarter, down from the pre-COVID quarterly average of 279,000.

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

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