Foreclosure Activity Increases After Moratorium Lifts

There were 15,838 U.S. properties with foreclosure filings in August, marking a 60% year-over-year increase.

The details:

— Nationally, one in every 8,677 housing units had a foreclosure filing in August 2021.

— These states reported the highest foreclosure rates in August: Illinois (one in every 3,848 housing units), Nevada (one in every 4,738 housing units), New Jersey (one in every 4,868 housing units), Delaware (one in every 5,348 housing units), and Ohio (one in every 5,517 housing units).

— Metro areas with the highest foreclosure rates in August 2021: Bakersfield, California (one in every 1,796 housing units); Atlantic City, New Jersey (one in every 1,886 housing units); Cleveland, Ohio (one in every 2,259 housing units); Rockford, Illinois (one in every 3,037 housing units); and Las Vegas, Nevada (one in every 3,718 housing units).

— Lenders repossessed 2,474 U.S. properties through completed foreclosures (REOs) in August 2021, up 2% from last month and 22% YoY.

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