According to the ATTOM Data’s May 2023 U.S. Foreclosure Market Report, foreclosure filings were up 7% from April 2023 and 14% from May 2022. In addition, data show that lenders repossessed 4,020 U.S. properties through completed foreclosures (REOs). That figure was up 38% from April 2023 and 41% from May 2023. The states with the greatest number of REOs in May 2023 included Illinois (352); Ohio (279); Michigan (271); Texas (240); and Pennsylvania (229).
The top 10 U.S. zip codes with the greatest number of REOs in May 2023 were: 78254 in San Antonio, TX (27); 30901 in Augusta, GA (24); 21502 in Cumberland, MD (10); 19121 in Philadelphia, PA (9); 20878 in Gaithersburg, MD (9); 21043 in Ellicott City, MD (8); 48089 in Warren, MI (8); 30127 in Powder Springs, GA (7); 60409 in Calumet City, IL (7); and 29501 in Florence, SC (7).
Click here to read the full report at ATTOM.com.
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