IRVINE, Calif. – August 13, 2020 —ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings portal, today released its July 2020 U.S. Foreclosure Market Report, which shows there were a total of 8,892 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in July 2020, down four percent from a month ago and 83 percent from a year ago.

“Even as mortgage delinquency rates climb, foreclosure activity continues to be artificially low due to moratoria put in place by the Federal and State governments,” said Rick Sharga, Executive Vice President at RealtyTrac. “It’s inevitable that there will be a significant increase in foreclosures once these moratoria have expired, although it’s unlikely that we’ll see default rates reach the levels we saw during the Great Recession.”

Delaware, South Carolina, Maine post highest state foreclosure rates

Nationwide one in every 15,337 housing units had a foreclosure filing in July 2020. States with the highest foreclosure rates were Delaware (one in every 6,489 housing units with a foreclosure filing); South Carolina (one in every 7,328 housing units); Maine (one in every 7,542 housing units); New Mexico (one in every 8,255 housing units); and California (one in every 9,194 housing units).

Among the 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in July 2020 were Trenton, NJ (one in every 3,445 housing units with a foreclosure filing); McAllen, TX (one in every 3,833 housing units); Davenport, IA (one in every 4,038 housing units); Dayton, OH (one in every 4,055 housing units); and Albuquerque, NM (one in every 4,452 housing units).