Foreclosure

New LegalShield Data: Consumer Stress in Swing States Currently Suggests a Democratic Win in November

Retrieved on: 
Tuesday, April 23, 2024
Men, Professional Services, Family, Personal Finance, Consumer, Parenting, Other Consumer, Legal, Insurance, Women, Seniors, Finance, Consulting, Federal Reserve, CCI, Foreclosure, LegalShield, CSLI, Data, Consumer confidence index, Republican, Multimedia, Democrat, COVID-19, Cryptocurrency

Red states voted Republican in 2020 presidential election, blue states voted Democratic, and purple "swing" states were closely divided (Ariz., Ga., Mich., Nev., N.C., Pa., Wis.).

Key Points: 
  • Red states voted Republican in 2020 presidential election, blue states voted Democratic, and purple "swing" states were closely divided (Ariz., Ga., Mich., Nev., N.C., Pa., Wis.).
  • (Graphic: Business Wire)
    “The trend suggests that when ‘swing state’ consumer stress, as measured by more than 150,000 consumer legal inquiries we field each month, dips below national stress average in October and November, conditions favor a Democratic win,” said Matt Layton, LegalShield senior vice president of consumer analytics.
  • For the first time, LegalShield broke out consumer stress levels on a politically geographic basis, separating red, blue, and purple swing states.
  • The blue states have exhibited higher stress than red and swing states every month since October 2006.

U.S. FORECLOSURE ACTIVITY CONTINUES TO SEE AN ANNUAL INCREASE

Retrieved on: 
Tuesday, March 12, 2024
REO, Database, NOD, NFS, Real estate owned, LIS, Housing, File, NTS, Foreclosure, Maid service

IRVINE, Calif., March 12, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago.

Key Points: 
  • "The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market," said Rob Barber, CEO at ATTOM.
  • Highest foreclosure rates in South Carolina, Delaware, and Florida
    Nationwide, one in every 4,279 housing units had a foreclosure filing in February 2024.
  • Those states that saw the greatest number of foreclosures starts in February 2024 included: Florida (2,732 foreclosure starts); California (2,730 foreclosure starts); Texas (2,694 foreclosure starts); New York (1,289 foreclosure starts); and Ohio (1,097 foreclosure starts).
  • Among those major metropolitan statistical areas with a population of at least 200,000, those with the greatest number of foreclosure starts in February 2024, included: New York, NY (1,367 foreclosure starts); Houston, TX (998 foreclosure starts); Los Angeles, CA (808 foreclosure starts); Chicago, IL (792 foreclosure starts); and Miami, FL (777 foreclosure starts).

SPECIAL REPORT: U.S. COMMERCIAL FORECLOSURES INCREASE IN JANUARY 2024

Retrieved on: 
Thursday, February 22, 2024
Foreclosure, NFS, COVID-19, NOD, REO, Real estate owned, LIS, NTS

IRVINE, Calif., Feb. 22, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released a special report on U.S. Commercial Foreclosures. The report reveals a significant climb in commercial foreclosures over the years, from a low of 141 in May 2020 to the current figure of 635 in January 2024. This represents a steady increase throughout the period.

Key Points: 
  • Commercial Foreclosures Increase 17 Percent from Last Month and 97 Percent from Last Year; States with the Most Commercial Foreclosures in January 2024 Included California, New York and Texas
    IRVINE, Calif., Feb. 22, 2024 /PRNewswire/ -- ATTOM , a leading curator of land, property, and real estate data , today released a special report on U.S. Commercial Foreclosures.
  • The report reveals a significant climb in commercial foreclosures over the years, from a low of 141 in May 2020 to the current figure of 635 in January 2024.
  • By January 2024, commercial foreclosures had surged to 635, a stark contrast to the 2020 low.
  • By January 2024, California had the highest number of commercial foreclosures for the month, at 181.

U.S. FORECLOSURE ACTIVITY SEES NOTABLE INCREASE IN JANUARY 2024

Retrieved on: 
Tuesday, February 13, 2024
Foreclosure, File, Database, NFS, NOD, Real estate owned, REO, LIS, Housing, NTS, Maid service

IRVINE, Calif., Feb. 13, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its January 2024 U.S. Foreclosure Market Report, which shows there were a total of 33,270 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 5 percent from a year ago, and up 10 percent from the prior month.

Key Points: 
  • We remain vigilant in monitoring these trends to understand their full impact on foreclosure activity."
  • Highest foreclosure rates in Delaware, Nevada, and Indiana
    Nationwide one in every 4,236 housing units had a foreclosure filing in January 2024.
  • Those states that saw the greatest number of foreclosures starts in January 2024 included: California (2,719 foreclosure starts); Texas (2,613 foreclosure starts); Florida (2,330 foreclosure starts); New York (1,341 foreclosure starts); and Illinois (913 foreclosure starts).
  • Among those major metropolitan statistical areas with a population of at least 200,000, those with the greatest number of foreclosure starts in January 2024, included: New York, NY (1,470 foreclosure starts); Houston, TX (1,015 foreclosure starts); Los Angeles, CA (817 foreclosure starts); Miami, FL (804 foreclosure starts); and Chicago, IL (763 foreclosure starts).

GA technologies expands its real estate business into the States by the acquisition of RW OpCo originating in the U.S.

Retrieved on: 
Friday, January 19, 2024
Research, SFR, Paper, City, AI, FAX, Foreclosure, Acquisition, DX, Renting, RPA

TOKYO, Jan. 18, 2024 /PRNewswire/ -- GA technologies Co., Ltd. (Headquarters: Minato District, Tokyo /CEO: Ryo Higuchi / Securities code: 3491/ "Company'') announced the acquisition of the equity of RW OpCo, LLC (Headquarters: State of Delaware, U.S.A. / CEO: Kevin Ortner / "RW OpCo") by GA technologies through its U.S. based subsidiary GA technologies USA Inc.

Key Points: 
  • The Company will be acquiring the full ownership of the rental management and investment real estate marketplace businesses originating in the U.S. operated by RW OpCo to make the company the US subsidiary of the Company.
  • The acquisition shall be executed under a condition that the two parties agreed upon the fulfillment of the conditions mentioned in the Foreclosure Sale Agreement.
  • Through this management integration, the Company will expand its business foundation in the U.S. area, and firmly establish itself in the online real estate market as a global player.
  • The Company is looking to provide a fast and safe real estate transaction experience with the application of technology along with its global expansion.

U.S. FORECLOSURE ACTIVITY INCREASES FROM 2022 BUT STILL BELOW PRE-PANDEMIC LEVELS

Retrieved on: 
Thursday, January 11, 2024
NOD, Real estate owned, Database, NFS, NTS, Metro, Housing, Silver, Foreclosure, REO, File, LIS

IRVINE, Calif., Jan. 11, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2023 were also down 88 percent from a peak of nearly 2.9 million in 2010.

Key Points: 
  • Foreclosure filings in 2023 were also down 88 percent from a peak of nearly 2.9 million in 2010.
  • "Reflecting on 2023, we see the recent rise in foreclosure activity as a market correction rather than a cause for alarm.
  • "Our data suggests that while foreclosure activity may fluctuate, it's unlikely to approach the highs seen in the last decade.
  • Instead, we foresee a market that is more reflective of broader economic trends, with foreclosure filings becoming a more predictable aspect of the housing landscape.

U.S. FORECLOSURE ACTIVITY DIPS IN JULY 2023 WHILE LENDER REPOSSESSIONS CONTINUE TO CLIMB

Retrieved on: 
Thursday, August 10, 2023
Database, REO, Housing, NTS, REO Motor Car Company, File, NOD, NFS, Real estate owned, AL, LIS, Foreclosure, Commercial property, Real estate, Casino, Maid service, MD

IRVINE, Calif., Aug. 10, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its July 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,877 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 9 percent from a month ago but up 5 percent from a year ago. 

Key Points: 
  • "The slight decline in foreclosure filings we are seeing is yet another sign of a rebounding housing market," said Rob Barber, CEO at ATTOM.
  • "With home prices back up, several factors have combined to put more financial resources in the hands of homeowners, providing more options to avoid foreclosure.
  • Nationwide one in every 4,380 housing units had a foreclosure filing in July 2023.
  • Lenders started the foreclosure process on 21,020 U.S. properties in July 2023, down 12 percent from last month and down 2 percent from a year ago.

U.S. FORECLOSURE ACTIVITY SEES SPIKE IN MAY 2023

Retrieved on: 
Thursday, June 8, 2023
Database, REO, Housing, NTS, REO Motor Car Company, File, NOD, NFS, Real estate owned, LIS, Foreclosure, Real estate, Maid service, Commercial property, MD

IRVINE, Calif., June 8, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its May 2023 U.S. Foreclosure Market Report, which shows there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago. 

Key Points: 
  • Nationwide one in every 3,967 housing units had a foreclosure filing in May 2023.
  • Greatest numbers of foreclosure starts in Florida, California and Texas
    Lenders started the foreclosure process on 23,245 U.S. properties in May 2023, up 4 percent from last month and up 5 percent from a year ago.
  • States that had the greatest number of foreclosure starts in May 2023 included: Florida (2,901 foreclosure starts); California (2,451 foreclosure starts); Texas (2,286 foreclosure starts); Illinois (1,358 foreclosure starts); and New York (1,287 foreclosure starts).
  • Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in May 2023 included: New York, NY (1,452 foreclosure starts); Chicago, IL (1,163 foreclosure starts); Houston, TX (811 foreclosure starts); Los Angeles, CA (700 foreclosure starts); and Philadelphia, PA (677 foreclosure starts).

FORECLOSURE ACTIVITY NATIONWIDE SHOWS SLIGHT DECLINE IN APRIL 2023

Retrieved on: 
Thursday, May 11, 2023
Database, REO, Housing, NTS, REO Motor Car Company, File, NOD, NFS, Real estate owned, LIS, Foreclosure, Commercial property, Maid service

IRVINE, Calif., May 11, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its April 2023 U.S. Foreclosure Market Report, which shows there were a total of 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 10 percent from a month ago but up 8 percent from a year ago.

Key Points: 
  • Nationwide one in every 4,234 housing units had a foreclosure filing in April 2023.
  • "Foreclosure activity continues to stabilize and even correct itself in 2023, with April showing a 10 percent decrease in overall activity after a 20 percent increase last month," said Rob Barber, chief executive officer at ATTOM.
  • However, this trend underscores the significance of monitoring foreclosure rates and identifying any potential market shifts or trends."
  • Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in April 2023 included: New York, NY (1,711 foreclosure starts); Chicago, IL (1,153 foreclosure starts); Miami, FL (846 foreclosure starts); Los Angeles, CA (829 foreclosure starts); and Philadelphia, PA (747 foreclosure starts).

U.S. FORECLOSURE ACTIVITY DECLINES MONTHLY IN FEBRUARY 2023 BUT CONTINUES TO INCREASE ANNUALLY

Retrieved on: 
Wednesday, March 8, 2023
Housing, REO, NFS, File, Foreclosure, NTS, NOD, Database, REO Speedwagon, LIS, Real estate owned, Real estate, Commercial property, Maid service, MD, Overalls

IRVINE, Calif., March 8, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its February 2023 U.S. Foreclosure Market Report, which shows there were a total of 30,528 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 3 percent from a month ago and up 18 percent from a year ago.

Key Points: 
  • "Foreclosure activity finally started to stabilize in February after 21 straight months of increases," said Rob Barber, chief executive officer at ATTOM.
  • Those states that saw the greatest numbers of foreclosures starts in February 2023 included: Texas (2,187 foreclosure starts); California (2,133 foreclosure starts); Florida (1,831 foreclosure starts); New York (1,318 foreclosure starts); and Illinois (1,170 foreclosure starts).
  • Among the 223 metropolitan statistical areas with a population of at least 200,000, those that had the greatest numbers of foreclosure starts in February 2023, included: New York, NY (1,554 foreclosure starts); Chicago, IL (1,034 foreclosure starts); Los Angeles, CA (710 foreclosure starts); Houston, TX (699 foreclosure starts); and Philadelphia, PA (565 foreclosure starts).
  • Highest foreclosure rates in New Jersey, Maryland, and Illinois
    Nationwide one in every 4,574 housing units had a foreclosure filing in February 2023.