Foreclosure Help (October 2020) by Stephanie K. Yardley

properties started the foreclosure process in October 2020, up 21 percent from last month but down 79 percent from a year ago. Those metropolitan areas with a population greater than 1 million that posted the worst foreclosure rates in October 2020, including Birmingham, AL, were Cleveland, OH (one in every 4,511 housing units) Jacksonville, FL (one in every 5,119 housing units) New Orleans, LA (one in every 6,397 housing units) and Miami, FL (one in every 6,794 housing units).įoreclosure starts increase monthly nationwideĪ total of 6,042 U.S. States with the highest foreclosure rates were South Carolina (one in every 6,133 housing units with a foreclosure filing) Nebraska (one in every 6,246 housing units) Alabama (one in every 6,660 housing units) Louisiana (one in every 7,078 housing units) and Florida (one in every 7,208 housing units).Īmong the 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in October 2020 were Peoria, IL (one in every 1,543 housing units with a foreclosure filing) Champaign, IL (one in every 1,674 housing units) Beaumont, TX (one in every 1,880 housing units) Birmingham, AL (one in every 1,993 housing units) and Houma, LA (one in every 2,964 housing units). Nationwide one in every 11,683 housing units had a foreclosure filing in October 2020. South Carolina, Nebraska and Alabama post highest state foreclosure rates

'It's likely that many of these properties were already in the early stages of default prior to the pandemic, or are vacant and abandoned, which makes them candidates for expedited foreclosure actions.' Rick Sharga'It's a little surprising to see foreclosure activity increasing in spite of the various foreclosure moratoria that are in place,' said Rick Sharga, executive vice president of RealtyTrac, an ATTOM Data Solutions company.

Foreclosure Help (October 2020) by Stephanie K. Yardley