Distressed borrowers in parts of Maine, Nebraska and West Virginia are the latest to get short-term leniency on government loan payments due to disasters.
HUD suspends foreclosures in storm-torn areas
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Hoping to Buy a Foreclosure? Could Be Difficult in 2024
Distressed sales, which include foreclosures and short sales, made up just 2% of total sales in April 2024; the reason there are so few foreclosures available today boils down to elevated home values.
U.S. foreclosure activity stabilized in March: Attom
Foreclosures remained relatively stable in the first quarter of 2024 and homeowners continue to hold significant equity, Attom reported.