Foreclosure Rates Edge Up In August 2023
Despite a 7% monthly increase, the year-over-year trend shows a slight decline; Nevada, Illinois, and South Carolina see highest rates.
Despite a 7% monthly increase, the year-over-year trend shows a slight decline; Nevada, Illinois, and South Carolina see highest rates.
Numbers still rising gradually since foreclosure moratorium ended in 2021.
Overall filings remain well below pre-pandemic levels.
Governor signs legislation that creates hard cap on statute of limitations.
The percentage of seriously delinquent mortgages continued to drop.
Decision in a foreclosure case could have an impact on legislation pending in the Empire State.
Completed foreclosures increased by 18% while foreclosure starts stayed flat.
Despite the uptick, zombie properties still represent just one of every 13,000 residential properties nationwide.