According to a Mortgage News Daily article (link is below) ATTOM Data Solutions, a provider of real estate and property data, recently released statistics that foreclosure activity in 2021 was at the lowest level since they started tracking in 2005. This is in stark contrast to many who predicted a Tsunami of real estate foreclosures would occur in 2021 due to the Pandemic.
It’s also noted in many articles that the short term government foreclosure moratorium, mortgage forbearance program, and mortgage servicing guidelines delayed foreclosure starts that will show up in 2022 statistics.
These articles include statistics and insights regarding the pandemics impact on real estate foreclosures:
Pandemic Foreclosure Tsunami Not on the Horizon
2021 in Review and a Forecast for 2022 and Beyond
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