Tag: Chicago foreclosures

Resurgence Of Chicago Foreclosure Activity Not Materializing

Resurgence Of Chicago Foreclosure Activity Not Materializing
According to the 2021 US Foreclosure Market Report released last week by ATTOM Data Solutions foreclosure activity hit an all time low last year, which you can clearly see in the graph below. That shouldn’t be too much of a surprise because there was a moratorium on foreclosures for much of the year. Rick Sharga,... Read more »

Chicago Foreclosure Activity Skyrockets - If You Believe The Data

Chicago Foreclosure Activity Skyrockets - If You Believe The Data
The most recent data from ATTOM Data Solutions’ October 2021 Foreclosure Market Report shows that foreclosure activity for the nation is up only 5% from the previous month but up 76% from last year. Of course, it’s easy to be up 76% from a year when there was a foreclosure moratorium in place that basically... Read more »

Chicago Foreclosure Activity Still Making A Comeback

Chicago Foreclosure Activity Still Making A Comeback
The Q3 2021 U.S. Foreclosure Market Report from ATTOM confirms what we’ve been expecting. With the foreclosure moratorium out of the way US foreclosure activity is starting to pick up. According to the report third quarter foreclosure filings were “up 34 percent from the previous quarter and 68 percent from a year ago” with September... Read more »
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Chicago Foreclosure Activity Rises As Moratorium Ends

Chicago Foreclosure Activity Rises As Moratorium Ends
ATTOM issued their August Foreclosure Market Report last week and it has begun to show the expected increase in foreclosure activity since the moratorium ended on July 31. As I pointed out last month there are various speed bumps standing in the way of an all out foreclosure frenzy but, nevertheless, US foreclosure activity was... Read more »

How Much Longer Will Chicago Foreclosure Activity Remain Depressed?

How Much Longer Will Chicago Foreclosure Activity Remain Depressed?
The July Foreclosure Market report from ATTOM came out last week and it continues to show extremely low levels of foreclosure activity across the nation. However, it’s been the foreclosure moratorium that has been depressing activity and that technically ended on July 31. For those on the wrong side of a foreclosure the end of... Read more »

Chicago Foreclosure Activity Not Budging Much

Chicago Foreclosure Activity Not Budging Much
A couple of weeks ago ATTOM issued their Midyear 2021 U.S. Foreclosure Market Report which shows just how little foreclosure activity there is relative to past years. Although it has been trending down for years now it just hit a record low, driven largely by the foreclosure moratorium. Of course, that doesn’t mean that people... Read more »
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Chicago Foreclosure Activity Continues To Drift Higher

Chicago Foreclosure Activity Continues To Drift Higher
I had trouble getting the Chicago foreclosure activity data last month since RealtyTrac changed their Web site and no longer provides the data I have been using – at least not for free anymore. However, ATTOM Data Solutions has graciously agreed to continue to provide that data so I was able to catch up this... Read more »

Despite Moratorium Chicago Foreclosure Activity Hits A One Year High

Despite Moratorium Chicago Foreclosure Activity Hits A One Year High
The ATTOM Data Solutions Q1 2021 Foreclosure Market Report released yesterday provided a bit of insight into what is going on with Chicago’s and the nation’s foreclosure activity in the era of a perpetual moratorium on foreclosures. The latest extension of the moratorium moved it out to June 30 but it’s likely to get extended... Read more »

Chicago Foreclosure Activity Slowly Drifting Up But Remains Low

Here’s just a quick update on Chicago foreclosure activity. Remember that, for all practical purposes, we are in the middle of an indefinite moratorium on foreclosures. It keeps getting extended because of all the people left unemployed from the pandemic. So it’s no surprise that every month the answer is pretty much the same, though... Read more »
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Tenth Month Of Record Low Chicago Foreclosure Activity

Tenth Month Of Record Low Chicago Foreclosure Activity
The January 2021 U.S. Foreclosure Market Report from ATTOM Data Solutions came out last week along with updated numbers for RealtyTrac (owned by ATTOM). The Biden administration also just extended the foreclosure moratorium and forbearance program through June. Nationwide foreclosure activity is still down around 80% from last year. As Rick Sharga, RealtyTrac executive vice... Read more »