Page 50 – Safeguard Properties

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Illinois Severe Storms, Tornadoes, Straight-line Winds, and Flooding (DR-4819-IL)

FEMA Major Disaster Declaration – Illinois Severe Storms, Tornadoes, Straight-line Winds, and Flooding

Posted on September 23, 2024 by Safeguard

FEMA Alert
September 20, 2024

FEMA has issued a Major Disaster Declaration for the state of Illinois to supplement state, tribal, and local recovery efforts in areas affected by severe storms, tornadoes, straight-line winds, and flooding from July 13-16, 2024. The following counties have been approved for assistance:

Individual Assistance:

Cook
Fulton
Henry
St. Clair
Washington
Will
Winnebago

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Illinois

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Saint Regis Mohawk Tribe Severe Storm and Flooding (DR-4818-NY)

FEMA Major Disaster Declaration – Saint Regis Mohawk Tribe Severe Storm and Flooding

Posted on September 23, 2024November 22, 2024 by Safeguard

FEMA Alert
September 20, 2024

FEMA has issued a Major Disaster Declaration for the Saint Regis Mohawk Tribe in New York to supplement tribal recovery efforts in areas affected by a severe storm and flooding from August 8-10, 2024. The following areas have been approved for assistance:

Individual Assistance:

Saint Regis Mohawk Tribe

Public Assistance:

Saint Regis Mohawk Tribe

***Please note: only properties located within the Saint Regis Mohawk Tribe reservation are eligible for assistance.***

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for the Saint Regis Mohawk Tribe

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Connecticut Severe Storm, Flooding, Landslides, and Mudslides (DR-4820-CT)

FEMA Major Disaster Declaration – Connecticut Severe Storm, Flooding, Landslides, and Mudslides

Posted on September 23, 2024November 18, 2024 by Safeguard

FEMA Alert
September 20, 2024

***Last Update: 11/18/24***

FEMA has issued a Major Disaster Declaration for the state of Connecticut to supplement state, tribal, and local recovery efforts in areas affected by a severe storm, flooding, landslides, and mudslides from August 18-19, 2024. The following counties have been approved for assistance:

Individual Assistance:

Fairfield
Litchfield
New Haven

Public Assistance:

Fairfield
Litchfield
New Haven

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Connecticut

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

California Bridge Fire (FM-5537-CA)

Top 10 Counties with Greatest Number of REOs in August 2024

Posted on September 20, 2024September 20, 2024 by Safeguard

Industry Update
September 13, 2024

Source: ATTOM

According to ATTOM’s just released August 2024 U.S. Foreclosure Market Report, there were a total of 30,227 U.S. properties had foreclosure filings, which include default notices, scheduled auctions, or bank repossessions. This represents a 5.3% decrease from the previous month and an 11% decrease compared to the same period last year.

ATTOM’s latest foreclosure activity analysis reported that nationwide, in August, one in every 4,662 housing units nationwide had a foreclosure filing. The states with the highest foreclosure rates were Nevada (one in every 2,473 housing units), Florida (one in every 2,605), Illinois (one in every 2,837), South Carolina (one in every 2,877), and New Jersey (one in every 3,227).

The report also noted that in August 2024, lenders initiated the foreclosure process on 20,747 U.S. properties, reflecting a 5.1% decrease from the previous month and a 9.4% decline compared to the same time last year. In August 2024, the states that had the greatest number of foreclosure starts were: Florida (2,668 foreclosure starts); California (2,443 foreclosure starts); Texas (1,857 foreclosure starts); New York (1,328 foreclosure starts); and Illinois (1,208 foreclosure starts).

ATTOM’s foreclosure analysis also reported that in August 2024, lenders repossessed 2,889 U.S. properties through completed foreclosures (REOs), representing a 12.0% decrease from the previous month and a 13.9% drop compared to the same time last year. In August, the states that had the greatest number of REOs were: Pennsylvania (266 REOs); California (229 REOs); Illinois (224 REOs); Michigan (206 REOs); and Florida (202 REOs).

In this post, we take a more granular look by diving deep into the data behind ATTOM’s August 2024 foreclosure report to uncover the top 10 U.S. counties that had the greatest number of REOs. Those counties include: Cook County, IL (104 REOs); Wayne County, MI (90 REOs); Chemung County, NY (51 REOs); Los Angeles County, CA (49 REOs); Allegheny County, PA (38 REOs); Westmoreland County, PA (31 REOs); Baltimore City County, MD (28 REOs); San Diego County, CA (23 REOs); East Baton Rouge County, LA (21 REOs); and Queens County, NY (21 REOs).

For full report, please click the source link above.

U.S. Foreclosure Activity Declines Both Monthly and Annually in August 2024

Posted on September 20, 2024 by Safeguard

Industry Update
September 11, 2024

Source: ATTOM

ATTOM, a leading curator of land, property, and real estate, today released its August 2024 U.S. Foreclosure Market Report, which shows there were a total of 30,227 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 5.3 percent from a month ago and down 11 percent from a year ago.

“Foreclosure activity has remained relatively steady in recent months, with both foreclosure starts and completed foreclosures declining in August,” said Rob Barber, CEO at ATTOM. “While overall activity is significantly lower than the peaks seen during the 2008 financial crisis, when filings exceeded 300,000 per month, the current economic environment, coupled with rising interest rates and affordability challenges, suggests a continued focus on potential housing market instability.”

Nevada, Florida, and Illinois post highest foreclosure rates

Nationwide, one in every 4,662 housing units had a foreclosure filing in August 2024. States with the highest foreclosure rates were Nevada (one in every 2,473 housing units with a foreclosure filing); Florida (one in every 2,605 housing units); Illinois (one in every 2,837 housing units); South Carolina (one in every 2,877 housing units); and New Jersey (one in every 3,227 housing units).

Among the 224 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in August 2024 were Lakeland, FL (one in every 1,245 housing units with a foreclosure filing); Chico, CA (one in every 1,526 housing units); Columbia, SC (one in every 1,796 housing units); Bakersfield, CA (one in every 1,972 housing units); and Las Vegas, NV (one in every 2,016 housing units).

Other than Las Vegas, those metropolitan areas with a population greater than 1 million with the worst foreclosure rates in August 2024 were: Riverside, CA (one in every 2,423 housing units); Miami, FL (one in every 2,429 housing units); Chicago, IL (one in every 2,450 housing units); and Orlando, FL (one in every 2,595 housing units).

For full report, please click the source link above.

FEMA Fire Management Assistance Declaration – California Bridge Fire

Posted on September 20, 2024 by Safeguard

FEMA Alert
September 11, 2024

FEMA has issued a Fire Management Assistance Declaration for the state of California to supplement state, tribal and local recovery efforts in areas affected by the Bridge Fire on September 8, 2024. The following counties have been approved for assistance:

Public Assistance:

Los Angeles
San Bernardino

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

California Airport Fire (FM-5538-CA)

FEMA Fire Management Assistance Declaration – California Airport Fire

Posted on September 20, 2024 by Safeguard

FEMA Alert
September 11, 2024

FEMA has issued a Fire Management Assistance Declaration for the state of California to supplement state, tribal and local recovery efforts in areas affected by the Airport Fire on September 9, 2024. The following counties have been approved for assistance:

Public Assistance:

Riverside

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Louisiana Hurricane Francine (DR-4817-LA)

FEMA Major Disaster Declaration – Louisiana Hurricane Francine

Posted on September 17, 2024October 17, 2024 by Safeguard

FEMA Alert
September 16, 2024

***Last Update: 10/17/24***

FEMA has issued a Major Disaster Declaration for the state of Louisiana to supplement state, tribal, and local recovery efforts in areas affected by Hurricane Francine from September 9-12, 2024. The following counties have been approved for assistance:

Individual Assistance:

Ascension
Assumption
Jefferson
Lafourche
St. Charles
St. James
St. John the Baptist
St. Mary
Terrebonne

Public Assistance:

Ascension
Assumption
East Baton Rouge
East Feliciana
Iberville
Jefferson
Lafourche
Livingston
Orleans
Plaquemines
St. Bernard
St. Charles
St. Helena
St. James
St. John the Baptist
St. Martin
St. Mary
St. Tammany
Tangipahoa
Terrebonne
Washington
West Feliciana

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Louisiana

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process