Category: Foreclosures/ Short Sales

Pandemic Foreclosure Moratorium Depresses Activity For Second Month

Pandemic Foreclosure Moratorium Depresses Activity For Second Month
A couple of weeks ago ATTOM Data Solutions released their May 2020 US Foreclosure Market Report and updated the RealtyTrac data. Once again it reflects the outsized impact of the government’s mandated moratorium on foreclosures during the Covid-19 pandemic. At this point the data is almost meaningless because it’s artificially depressed. Looking at the graph... Read more »

Covid-19 Driving Delinquencies, Urban Emigration, And Bidding Wars?

Covid-19 Driving Delinquencies, Urban Emigration, And Bidding Wars?
It’s hard to imagine anything more disruptive than this damn pandemic. In just a few weeks it’s turned the world upside down, forcing millions into immediate and severe financial distress and creating new challenges for home sellers and buyers. Do you want to have strangers walking around inside your house? Do you want to be... Read more »

Pandemic Policies Force Chicago Foreclosure Activity To Record Low

Pandemic Policies Force Chicago Foreclosure Activity To Record Low
Add Chicago foreclosure activity to the list of things that the Covid-19 pandemic is screwing up. On the surface it might seem pretty cool that all three components of April foreclosure activity were down 80%+ from last year. However, the reality is that this is nothing more than the result of the government mandated moratorium... Read more »
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Before Coronavirus There Were Positive Signs In Chicago Foreclosure Activity

Before Coronavirus There Were Positive Signs In Chicago Foreclosure Activity
About a week ago ATTOM Data Solutions issued their Q1 2020 U.S. Foreclosure Market Report for the nation and updated their RealtyTrac data. Although foreclosure activity was up 42% from the previous quarter it did manage to come in 3% below Q1 of 2019. Keep in mind that for all intents and purposes March was... Read more »

February Chicago Foreclosure Activity Down Slightly From Last Year

February Chicago Foreclosure Activity Down Slightly From Last Year
ATTOM Data Solutions updated their RealtyTrac data earlier this month so I went ahead and updated my Chicago foreclosure activity charts below. They subsequently issued their February Foreclosure Market Report which I incorporated after my original post date. I’ve been informed that the January numbers previously reported had a problem with bank repossessions which were... Read more »

Chicago Foreclosure Activity Spiked To 15 Month High In January

Chicago Foreclosure Activity Spiked To 15 Month High In January
Updated local foreclosure data from ATTOM Data Solutions posted yesterday showed a surprising spike in Chicago’s foreclosure activity for January, hitting a 15 month high. As you can see in the graph below the trend has been fairly consistently down for the last few years but January actually came in almost 21% higher than a... Read more »
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Chicago Foreclosure Activity Bounces Off Of Recent Lows

Chicago Foreclosure Activity Bounces Off Of Recent Lows
ATTOM Data Solutions released their year end foreclosure market report for 2019 late last week, reporting that both the nation’s foreclosure activity and its foreclosure rate hit an all time low for the 15 year tracking period. You can see this in their graph below. However, Todd Teta, chief product officer for ATTOM Data Solutions,... Read more »

Chicago Foreclosure Activity Approaches New Lows Once Again

Chicago Foreclosure Activity Approaches New Lows Once Again
After hitting a 12 month high in October, Chicago foreclosure activity approached new lows in November according to data updated by ATTOM Data Solutions on Monday in conjunction with their November US Foreclosure Activity Report. That just shows you how volatile this data is as you can clearly see in the graph below, which breaks... Read more »

Chicago Foreclosure Activity Hits 12 Month High

Chicago Foreclosure Activity Hits 12 Month High
ATTOM Data Solutions released their October Foreclosure Market report this morning and also updated their local data on the RealtyTrac Web site. Their local data shows that Chicago foreclosure activity hit its highest level in 12 months. However, there are several important caveats to that. First, October exceeded May by only a couple of units.... Read more »
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Chicago Foreclosure Activity: Biggest Increase In Almost 4 Years

Chicago Foreclosure Activity: Biggest Increase In Almost 4 Years
Last week ATTOM Data Solutions updated the data on their RealtyTrac Web site and also released their Q3 2019 US Foreclosure Market Report. My intentionally attention grabbing headline comes from looking at the RealtyTrac data. It is indeed accurate to say that September’s Chicago foreclosure activity had the biggest year over year gain in almost... Read more »