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New Report Finds Spike in Commercial Real Estate Foreclosures

New Report Finds Spike in Commercial Real Estate Foreclosures

by Phil Hall | Feb 22, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new data report from ATTOM is highlighting a spike in commercial foreclosures over the last four years, from a low of 141 in May 2020 to the current figure of 635 in January. ATTOM noted May 2020 marked a significant low in commercial foreclosures due to the impacts...
CFPB Settles Enforcement Suit Filed 10 Years Ago

CFPB Settles Enforcement Suit Filed 10 Years Ago

by Phil Hall | Feb 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has announced a $12 million settlement that resolves an enforcement suit brought 10 years ago against a foreclosure relief operation that the agency identified as a scam. In May 2014, the CFPB filed a complaint against...
Foreclosure Filings Up 10% in 2023

Foreclosure Filings Up 10% in 2023

by Phil Hall | Jan 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
Foreclosure Filings Up 10% in 2023

Foreclosure Activity Records Uptick in August

by Phil Hall | Sep 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM. Nationwide, one in every 4,113 housing units had a foreclosure filing last month. The states with...
Zombie Property Levels in Slight Rise

Zombie Property Levels in Slight Rise

by Phil Hall | Aug 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from ATTOM has determined there were roughly 1.3 million U.S. residential properties that are vacant, as of the third quarter of this year. That figure represents 1.3%, or one in 79 homes, across the nation, the same level as in the second quarter. ATTOM also...
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