Foreclosure Filings Increase 5% in May
the number of homes with a foreclosure filing increased 5% in May over the previous month, as properties entering the process also increased by 5%.
There were 81,495 properties that had a foreclosure filing at the end of the month, compared with 77,049 in April, according to Attom Data Solutions. Filings were down 19% com- pared with May 2016 and there has been 20 consecutive months with a year-over-year decline.
During May, 35,787 properties were put into the foreclosure process, which was down 15% from May 2016, while 27,086 properties ended the process.
Nationwide, one in every 1,636 homes had a foreclosure filing of some type, whether it was a default notice, scheduled auction or bank repossession.
The states with the highest foreclosure rates were New Jersey ( one in every 515), Delaware ( one in every 753); Maryland ( one in every 1,006), Illinois ( one in every 1,057) and Oklahoma ( one in every 1,081).