A majority of Auction.com clients selling distressed properties on the Auction.com platform expect their foreclosure auction volume to increase in the next 12 months.
“The percentage of the pandemic backlog of seriously delinquent mortgages they expect to go to foreclosure auction sheds light on just how big that increase could be,” said Daren Blomquist, Auction.com VP of Market Economics.
Watch the latest episode of Disposition Download to learn what percent of seriously delinquent mortgages are expected to go to foreclosure auction, what types of mortgages will likely see a foreclosure increase, and other stats to help you prepare for the rest of 2022 and beyond.