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According to the report, one in every 3,967 housing units had a foreclosure filing in May. States with the highest foreclosure rates were Illinois (one in every 2,144 housing units with a foreclosure filing), Maryland (one in every 2,203 housing units), New Jersey (one in every 2,257 housing units), Florida (one in every 2,470 housing units), and Ohio (one in every 2,478 housing units).
Foreclosure starts increased 4% month over month and 5% year over year to 23,245 properties in May. Florida had the greatest number of foreclosure starts (2,901 foreclosure starts), followed by California (2,451 foreclosure starts), Texas (2,286 foreclosure starts), Illinois (1,358 foreclosure starts), and New York (1,287 foreclosure starts).
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