3rd Quarter Foreclosure Auctions Hit 6-Month High

Auction.com, Irvine, Calif., said completed foreclosure auctions in September increased by24 percent from August to the highest level since the COVID-19 pandemic was declared in March.

Auction.com: Most Default Servicers Expect 2020 Foreclosures to Increase

Auction.com, Irvine, Calif., said its 2020 Default Servicing Insights report found while most respondents said they do not expect an economic recession in 2020, two-thirds expect their foreclosure and REO inflow to increase and 89 percent expect an increase in foreclosure and REO inflow from government-insured loans.