The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, according to aAcross the country, about 1 in every 1,121 properties had a foreclosure filing in the third quarter. That’s a return to almost pre-pandemic levels as foreclosure moratoriums put in place in the early days of COVID-19 have expired.“Foreclosures are on the rise again,” ATTOM CEO Rob Barber said in a statement.
In addition, mortgage lenders have tightened their qualification standards to ensure only the strongest borrowers receive loans.