ATTOM’s May 2021 U.S. Foreclosure Market Report shows there were a total of 10,821 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions), which was 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.
“While the increase in foreclosure activity is significant, it’s important to keep these numbers in perspective,” says