In June of 2023, ATTOM Data Solutions (a leading provider of real estate data) released its May 2023 U.S. Foreclosure Market Report. According to the report, U.S. foreclosure filings were up 7 percent from a month ago, and 14 percent from a year ago. This means that 1 in every 3,967 housing units throughout the U.S. had a foreclosure filing. The highest foreclosure rates were in Illinois (1 in every 2,144 housing units); Maryland (1 in every 2,203 housing units); New Jersey (1 in every 2,257 housing units); Florida (1 in every 2,470 housing units); and Ohio (1 in every 2,478 housing units).

According to ATTOM Data Solution's CEO Rob Barber, "The recent increase in foreclosure filings nationwide indicates a trend that has been observed throughout the year, and what we have expected to occur."

What can a borrower with a new foreclosure filing do?

An experienced attorney can help a borrower navigate the foreclosure process. At The Law Center, we are a team of specialists that are passionate and up to date about the foreclosure process from start to finish and helping homeowners at the highest level. Our staff and attorneys approach each client and each property as a new challenge, one that requires thorough analysis, zealous representation, and thoughtful strategy. It’s your home, let The Law Center help you defend it.

Call us now and speak with a foreclosure expert on how you can make the foreclosure process work for you -- not against you. (312) 600-8815

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