![]() Close behind were New Jersey, at 0.24 percent, Ohio at 0.21 percent, Delaware at 0.2 percent and South Carolina at 0.19 percent. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price. Lake Havasu, Arizona Eugene, Oregon Springfield, Illinois Shreveport, Louisiana and Brownsville, Texas, had fewer foreclosures compared with 2021.īy state, Illinois had the highest foreclosure rate, at more than a quarter of a percent of housing units. This is an REO, meaning this property has been foreclosed on because the owner couldnt meet their payments. Just seven of the 223 metro areas analyzed bucked the trend. Once you’ve identified several legitimate companies, go online to check their websites for listings and upcoming auctions. Check the legal notices in your local paper to find real auction houses operating in your area. “There’s very little delinquency or default activity that’s truly new in the numbers we’re tracking,” he said. A requirement for filing a foreclosure is that the Notice of Sale be published in the local newspaper of record. “Many of these loans were protected by the government’s foreclosure moratorium, or they would have already been foreclosed on two years ago,” he said. Please see the documents below for more information. The foreclosures were frequently on loans that were already in foreclosure or were more than 120 days delinquent before the pandemic. “While overall foreclosure activity is still running significantly below historic averages, the dramatic increase in foreclosure starts suggests that we may be back to normal levels by sometime in early 2023,” he said. The data represents a slow, steady climb of foreclosures back to pre-pandemic levels, Rick Sharga, executive vice president of market intelligence at Attom, said in a statement. in the first six months of the year, up 153 percent from the same time period last year but down 1 percent from the same time period in 2020. ![]() The report found that there were a total of 164,581 properties with foreclosure filings in the U.S. Upcoming Open Houses View all in Chicago, IL New - 18 hours ago Townhome. Some 0.30 percent of the city’s housing units had foreclosure filings, compared with the national rate of 0.12 percent, according to a midyear report from Attom Data Solutions that analyzed more than 200 major metro areas.Ĭleveland, Ohio, topped the list with a foreclosure rate of 0.4 percent, and Atlantic City, New Jersey, and Jacksonville, North Carolina, were close behind with 0.33 percent and 0.31 percent respectively. Find foreclosures and foreclosed houses for sale near your current location. For more information, please visit the Department of Housing's Keep Chicago Renting Ordinance page. Chicago had one of the nation’s highest foreclosure rates in the first half of 2022 as the end of moratoriums pushed the numbers back toward pre-pandemic levels. As of July 2021, the Protecting Tenants in Foreclosed Rental Property Ordinance (PTFRPO) has been renamed the Keep Chicago Renting Ordinance (KCRO) and administrative responsibilities have been transferred to the Department of Housing.
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