Based on ATTOM Data Solutions' Midyear 2020 US Foreclosure Market Report, there were a total of 165,530 US properties with foreclosure filings - default notices, scheduled auctions or bank repossessions - in the first six months of 2020, down 44% from the same time period a year ago and down 54% from the same time period two years ago.

“The residential foreclosure market across the nation continues to contract amid a combination of booming housing market conditions before the current Coronavirus pandemic hit and a moratorium on activity while the country struggles to overcome the crisis,” said Ohan Antebian, general manager of RealtyTrac.

Antebian added: “Foreclosure starts and completions were already declining rapidly last year because the housing market and the economy were riding so high. Now they're down to lows not seen for at least 15 years as the federal government has banned lenders from pursuing most delinquent loans until at least the end of August 2020 to help people weather the pandemic. Distressed property volume is almost guaranteed to increase significantly once the moratorium is lifted because millions of Americans missed their mortgage payments in June and will continue to because of unemployment. But for now, everything is on hold and the foreclosure numbers reflect that pause.”