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Report: Foreclosure rate jumped 7% in May

Por: WPTV Nation June 10, 2023

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It appears more people are defaulting on their mortgages. According to a  a property data analysis firm, there were more than 35,000 foreclosure filings in May, an increase of 7% from the month prior. One out of about 4,000 homes nationwide were in foreclosure in May, the report states. Illinois, Maryland and New Jersey were the three states with the highest foreclosure rates, according to the study. The recent increase in foreclosure... + full article



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