May Foreclosure Starts Up 36 Percent Year-Over-Year
ATTOM, licensor of foreclosure data and parent company to RealtyTrac, an online marketplace for foreclosure and distressed properties, released its May 2021 U.S. Foreclosure Market Report, which shows there were a total of 10,821 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 8 percent from a month ago but up 23 percent from a year ago. Foreclosure starts, which represent the initial notice of default, grew by 36 percent year-over-year.
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