Wednesday, 29 June 2022 | The Latest Buzz for the Appraisal Industry

Report Shows Foreclosure Filings Increased 185 Percent from May 2021 to 2022

ATTOM has released its May 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,881 U.S. properties with foreclosure filings – default notices, scheduled auctions or bank repossessions – up 1% from a month ago but up 185% from a year ago.

Nationwide one in every 4,549 housing units had a foreclosure filing in May 2022. States with the highest foreclosure rates were Illinois (one in every 2,000 housing units with

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