Attom’s Mid-Year 2023 U.S. Foreclosure Market Report shows that there were more than 185,000 properties with foreclosure filings. The number of filings from this report compared to last year’s shows that figure is up 13%.
Foreclosure filings can include default notices, schedule auctions or bank repossessions.
In Oklahoma, 1 in every 766 households are facing foreclosure — ranking the state 15th in the country for homes that could be impacted in the near future. Data also shows foreclosures in Oklahoma are up 7% in 2023 compared to 2022.
That trend is playing out nationally as well. The states with the greatest increase in foreclosure rates include Maryland, Oregon, Alaska, West Virginia and Arkansas. This compared to in 2021, when foreclosures were rare amid low interest rates and pandemic-era protections for mortgages.
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