Foreclosures Reportedly Spike As Pandemic Mortgage Benefits End

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Home foreclosures across the U.S. are starting to spike as COVID-19 pandemic benefits begin to expire, CNBC reported.

Private mortgage lenders started the foreclosure process on 25,209 homes in the third quarter of 2021, a 32% increase from the previous quarter and a 67% increase from the third quarter of 2020, according to mortgage data firm ATTOM, CNBC reported.


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