Foreclosures

However, the serious delinquency rate dropped to a point significantly below the market-wide average, and much of the foreclosure activity allowed to proceed did so with new consumer protections in place.

The Servicemembers Civil Relief Act includes extra protections aimed at preventing foreclosure for homeowners in the military.

However, the seven institutions in the Office of the Comptroller of the Currency study service 13% fewer loans compared with the third quarter of last year.

However the numbers for November were still up from a year ago, when bans and forbearance were still largely in place.

Bargain-hunting buyers are willing to make a purchase on the courthouse steps or via online sale, according to ServiceLink.

Mortgage defaults, bank repossessions and auctions rose for the third month in a row, according to Attom Data Solutions.

Around 432,000 homeowners exited their pandemic-related payment suspensions in the first 19 days of October and more than 280,000 plans have month-end review dates, but the number of private-loan plans increased.

Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.

There is $900 million in debt on the land alone, including the $150 million junior loan that is for sale by Jones Lang LaSalle.

The rate at which borrowers went past due on their home loans showed near-term improvement in July, according to Black Knight, but servicers fear those who still have forborne payments won’t recover.