---
title: For Investors by Nvestors | Foreclosure
description: Foreclosure | Follow our blog for tips and tricks on real estate investing. Learn about the latest trends, strategies, and techniques in the industry from our team of experts!
---

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## Foreclosure

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### [Are You Next? The 10 ZIP Codes Where Foreclosures Are on the Rise](https://blog.nvestorfunding.com/blog/are-you-next-the-10-zip-codes-where-foreclosures-are-on-the-rise)

Jul 7, 2023 6:00:00 AM

The number of foreclosure files in the United States increased by 7% from April 2023 and by 14% from May 2022, according to ATTOM's newly issued May 2023 U.S. [Foreclosure Market Report](https://www.attomdata.com/news/market-trends/foreclosures/attom-may-2023-u-s-foreclosure-market-report/).

One in every 3,967 homes nationwide had a foreclosure filing in May 2023, per ATTOM's newest survey of the foreclosure market. The report found that states like Illinois, with a rate of one foreclosure filing for every 2,144 homes, had the highest foreclosure rates, followed by Maryland, with a rate of one filing for every 2,203 homes, New Jersey, with a rate of one filing for every 2,257 homes, Florida, with a rate of one filing for every 2,470 homes, and Ohio, with a rate of one filing for every 2,478 homes.

Foreclosure filings increased 4% from April 2023 and 5% from May 2022, according to the study. The states with the highest number of foreclosure starts in May 2023 were Florida (2,901), California (2,451), Texas (2,286), Illinois (1,358), and New York (1,287). This information comes from the most recent ATTOM foreclosure report.

According to ATTOM's survey of the foreclosure market in May 2023, lenders seized 4,020 houses in the United States through REOs (real estate owned). This number represents a growth of 38% from April 2023 and 41% from May 2023. There were 352 REOs in Illinois, 279 in Ohio, 271 in Michigan, 240 in Texas, and 229 in Pennsylvania in May 2023, according to the report.

New York City (244 REOs), Chicago (230 REOs), Detroit (136 REOs), St. Louis (111 REOs), and Washington, DC (91 REOs) topped the list of major metros with populations over 1 million with the most REOs in May 2023, according to the latest ATTOM foreclosure report.

In this article, we analyze the numbers from ATTOM's May 2023 U.S. Foreclosure Market Report to find the top 10 U.S. zip codes that had the highest number of REOs that month. Those ZIPS included: 78254 in San Antonio, TX (27 REOs); 30901 in Augusta, GA (24 REOs); 21502 in Cumberland, MD (10 REOs); 19121 in Philadelphia, PA (9 REOs); 20878 in Gaithersburg, MD (9 REOs); 21043 in Ellicott City, MD (8 REOs); 48089 in Warren, MI (8 REOs); 30127 in Powder Springs, GA (7 REOs); 60409 in Calumet City, IL (7 REOs); and 29501 in Florence, SC (7 REOs).

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### [National Foreclosure Rates Sore](https://blog.nvestorfunding.com/blog/national-foreclosure-rates-sore)

Oct 31, 2022 9:00:00 AM

 South Carolina, Delaware, and Illinois had the greatest rates of foreclosure.  
There were 34,501 homes in the United States with foreclosure filings (deficit notifications, scheduled auctions, or bank repossessions) in August 2022, an increase of 14% from the previous month and 118% from August 2021. This data comes from ATTOM's August 2022 U.S. Foreclosure Market Report.  
The rate at which foreclosure lawsuits are being filed around the country has reached epidemic proportions.

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