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U.S. Year Over Year Foreclosure Activity Rises for Sixth Straight Month in August

September 15, 2025 by mthomas

IRVINE, Calif. — September 11, 2025 —ATTOM, a leading curator of land, property data, and real estate analytics, today released its August 2025 U.S. Foreclosure Market Report, which shows there were a total of 35,697 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — down 1 percent from a month ago but up 18 percent from a year Continue Reading

California Enacts New Mortgage Servicing and Foreclosure Standards

September 6, 2025 by mthomas

On June 30, California Governor Newsom has signed AB 130, a budget trailer bill related to housing. This legislation includes new requirements for mortgage servicers of subordinate mortgages, defined in the bill, and took effect immediately. The text of the new statute, which comprises a very small portion of the full bill, may be found (here). The bill outlines unlawful practices for mortgage Continue Reading

Foreclosure filings hit a six-year high during the first half of 2025

July 24, 2025 by mthomas

Alaska led all states with a 55% year-over-year spike in foreclosures Home foreclosure filings for the first half of the year reached their highest level since 2019, with foreclosure starts up 41% compared to the first half of 2020. That’s according to data from real estate analytics company Attom, which reported 1 in every 4,361 properties in the U.S. had a foreclosure filing in Continue Reading

HOW TO GET A MORTGAGE AFTER A SHORT SALE

June 19, 2025 by mthomas

Quick Answer If you have a short sale in your credit history, you may need to wait two to four years before you can qualify for a new mortgage. In the meantime, you can rebuild your credit, have a steady income and save for a bigger down payment. If you sell your home through a short sale, you may have to satisfy a waiting period before qualifying for a new mortgage. The length of that Continue Reading

ZILLOW PREDICTS SAN DIEGO HOME VALUES WILL DROP

June 10, 2025 by mthomas

Index foresees slight decrease of 1.1% in the county by March Zillow has broken from the pack to say San Diego County home values could decrease over the next year. Home values in San Diego County will drop 1.1% by March 2026, Zillow said in its latest Home Value Index. While the decrease is small, it’s notable because no other major forecasters have said home prices, or values, would drop, Continue Reading

U.S. Foreclosure Activity Increases Monthly in February 2025

March 11, 2025 by mthomas

IRVINE, Calif. — March 11, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its February 2025 U.S. Foreclosure Market Report, which shows there were a total of 32,383 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 5 percent from the prior month but down 1.7 percent Continue Reading

U.S. FORECLOSURE ACTIVITY DECLINES IN 2024

January 28, 2025 by mthomas

ATTOM, a leading curator of land, property data, and real estate analytics, today released its Year-End 2024 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 U.S. properties in 2024, down 10 percent from 2023 and down 1 percent from 2022 and down 35 percent from 2019, before the Continue Reading

Foreclosure Filings Ease Nationwide in November 2024 Amid Seasonal Influences

December 27, 2024 by mthomas

ATTOM, a leading curator of land, property data, and real estate analytics, today released its November 2024 U.S. Foreclosure Market Report, which shows there were a total of 29,390 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 9 percent from a year ago, and down 5 percent from the prior month. “The slight decline Continue Reading

Foreclosure filings dropped in November. Is market pressure finally easing up?

December 11, 2024 by mthomas

The highest foreclosure rates in November belonged to Nevada, Florida and Connecticut Foreclosure activity slowed slightly in November 2024, reversing a trend of rising foreclosures in October. But this decline may merely be a seasonal phenomenon, according to real estate data provider Attom. On Tuesday, Attom released its November 2024 U.S. Foreclosure Market Report. The Continue Reading

Foreclosures decline, but Attom says to watch for ’potential housing market instability’

September 18, 2024 by mthomas

The 30,000 foreclosure filings in August are a far cry from the 300,000 per month during the financial crisis of 2008 Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August. According to the monthly foreclosure report Continue Reading

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Michael Thomas

Michael Thomas is one of the leading real estate brokers in San Diego, California. He is endorsed by the National Association of Realtors as a Seller Representative Specialist, Accredited Buyer Representative, as well as Short Sale & Foreclosure Certified. As a lifelong resident of San Diego with a Master’s Degree in Business Administration, he’s uniquely qualified to help San Diegans achieve their real estate goals.

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