Foreclosure rates for all 50 states in July
The number of U.S. properties with foreclosure filings in July was 12,483, according to ATTOM Data Solutions. This is up roughly 40% from July last year, when foreclosure activity was extremely low due to the pandemic-related moratorium on foreclosures. The Biden administration’s final extension of the moratorium ended on July 31, 2021, while the moratorium on evictions for foreclosed borrowers was extended through September 30, 2021.
It is also worth noting that foreclosure filings were down roughly 4% from June to July. This is a substantive decrease compared to the roughly 20% increase in foreclosure filings that occurred from May to June. While foreclosure activity has been somewhat erratic month to month over the past year, now that the foreclosure moratorium has expired, experts at ATTOM are predicting a “steady increase” in foreclosure activity through the remainder of the year. Read on for the foreclosure rates in July 2021, plus the five counties with the highest rates within those states.
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