While some parts of the country saw a drop in foreclosures in the first half of 2020, other areas have seen a significant rise. 

If you’re looking for a foreclosure for your next investment property, you might want to check these six markets. 

Peoria, Illinois: Peoria had the highest foreclosure rate in the country last quarter

Stockton, California: Stockton is one of just 10 cities where foreclosures have increased. They have seen a 161% increase in foreclosures over the year. 

Trenton, New Jersey: The foreclosure rate here is three times the national average. 

Chico, California: Foreclosure filings are up 61% in this city. 

McAllen, Texas: This city has one of the year’s highest foreclosure rates (one in every 1,148). 

Lake Havasu, Arizona: Foreclosures are up 39% in the area over the year, and also has one of the highest foreclosure rates in the country at 0.30% of all housing units.

ATTOM’s data also notes the following cities to consider: Fort Wayne, Indiana; Atlantic City, New Jersey; Bakersfield, California; Columbia, South Carolina; Fayetteville, North Carolina; Cleveland; and Chicago.

If you are looking for a foreclosure in one of these competitive areas, make sure you are ready with the correct paperwork, proof of funds, and a strong earnest money deposit. 

Read the full article here. 


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