The May 2011 U.S. Foreclosure Market Report from RealtyTrac showed a surprising decrease of 33% in year-over-year foreclosure filings. They recorded 214,927 foreclosure filings, which consist of default notices, scheduled auctions and bank repossessions. This monthly total is the lowest level the market has seen in 42 months. The findings also show a 1.98% decrease from the previous month’s numbers.
Illinois hasn’t budged from its top-ten position in states suffering the most, and Chicago in particular remains the third worst city for foreclosures.
The Top 10 states: