These states saw the most home foreclosures in February: report [Video]

According to a recent real estate data provider ATTOM report, home foreclosures rose in February amid ongoing cost-of-living challenges for Americans. 

The report revealed 32,938 properties with foreclosure filings, encompassing default notices, scheduled auctions, and bank repossessions. This marks an 8% increase from the previous year, albeit a 1% decrease from the prior month.

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ATTOM CEO Rob Barber noted, “The annual rise in U.S. foreclosure activity suggests shifting dynamics within the housing market.” This trend signals potential changes in financial landscapes for homeowners, prompting adjustments in market strategies and lending practices.

Despite the uptick in foreclosure filings, foreclosure completions decreased in 28 states during February. Lenders repossessed 3,397 properties, reflecting a 14% decline from the previous month and an 11% decrease from the previous year. The most significant declines occurred in Georgia, where completed foreclosures fell by 52%, and in New York, …