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These States Saw a Spike in Commercial Foreclosures

California saw a 405% year-over-year increase and Connecticut experienced a 500% surge.

Foreclosures on commercial properties in the U.S. reached a peak of 625 in March 2024, up 117% year over year, thus continuing an upward trend that began soon after foreclosures dipped to their lowest point in a decade in May 2020.

With the exception of Ohio, commercial foreclosures in March this year were significantly higher than at the same point in 2023 in 10 states analyzed by ATTOM.

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Philippa Maister

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