Shocking Statistics: Mobile Home Foreclosure Rates Soaring - Is Yours Next?

Webstates with the highest foreclosure rates in march 2024 included illinois, connecticut, new jersey, florida, and south carolina, reflecting localized economic. Webthe uptick in foreclosure activity comes as high mortgage rates and home prices have pushed up the cost of home ownership in the last two years. Foreclosure market experienced a significant uptick in q3 2023, with foreclosure rates showing a steep quarterly and annual rise, according to the. Webmetro areas with populations greater than 1 million with the worst foreclosure rates in may were: Jacksonville, florida (1 in every 1,699 housing units);

Webhowever soaring home prices seem to continue and have spiked the value of homes across the nation, which boosts equity for homeowners at virtually every stage of paying off mortgages. Webbank repossessions increase 7 percent from last quarter. Lenders repossessed 10,052 u. s. Properties through foreclosure (reo) in q1 2024, up 7. Weblenders repossessed 3,954 u. s. Properties through completed foreclosures (reos) in january 2024, up 1 percent from a year ago and up 13 percent from last.