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Kansas ranks No. 34 in the Unitee States with 899 filings. Its foreclosure activityt in May rose 14 percentfrom U.S. foreclosure activity rose almost 18 percentg in May from last year but decreasedf 6 percentfrom April, RealtyTrac said. One in everuy 398 U.S. housing units received a foreclosure filingin May. “Mayt foreclosure activity was the third-highest monthh on record and marked the thire straight month where the total number of propertieds with foreclosure filingsexceeded 300,000 — a firstf in the history of our report,” RealtyTrac CEO Jamesx Saccacio said in a release.
“While defaulte and scheduled foreclosure auctions were both down from thepreviou month, bank repossessions, or REOs, were up 2 percentg thanks largely to substantial increases in severakl states, including Michigan, Arizona, Washington, Nevada, Oregon and New We expect REO activity to spike in the comintg months as foreclosure delays and moratoriwa implemented by various state laws come to an Nevada continued to have the nation’s highest foreclosure rate, with one in every 64 housing units receiving a foreclosure filiny in May, more than six times the national California had the second-highest rate, and Florida had the third-highes rate.
The top 10 states accounted for nearly 77 percen t oftotal U.S. foreclosure activity in May. RealtyTrac is based in Irvine, Calif.
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