While the number of foreclosures was close to historic lows covered by the protection of the CARES Act, filings rose year over year, according to Attom Data Solutions.
The number of foreclosure requests – including reminders, bank seizures and scheduled auctions – stood at 10,821 in May, down 8% from 11,810 in April and up 23% from 8,767 last year. A total of 5,909 properties started foreclosure, down 7% monthly from April 6,355, while up 36% in May 2020 from 4,356 properties in May 2020.
Although annual growth in both categories was the first in the moratorium period, the totals are still relatively small, said Rick Sharga, executive vice president of Attom's consumer-centric RealtyTrac business.
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