Photo: Daniel Barnes / Unsplash. Illustrative stock photograph; not a property discussed in this article. Foreclosures haven't flooded the market. They are rising steadily, though, and the climb is now hard to dismiss. Completed foreclosure auctions rose 25% year over year in the third quarter, according to Auction.com's quarterly Auction Market Dispatch, as reported by HousingWire. That is the highest quarterly total since the first quarter of 2020 and the seventh straight quarterly increase. The biggest growth is in FHA…
MarketNational
Foreclosure Auctions Just Hit Their Highest Level Since 2020. FHA Borrowers Are Leading the Way.
Completed foreclosure auctions rose 25% year over year, with FHA loans leading the increase. What buyers, investors and agents should watch as distress rises.
