WASHINGTON (WUSA9) -- Jessica Doyle recently warned us about spiking foreclosure activity in Maryland, and the trend is not going away.
Home repossessions in the U.S. jumped 11 percent in May across the country. Maryland has the second biggest increase in the country, according to RealtyTrac.
Since home prices are rebounding banks are more willing to move to the final stage of foreclosure because they can finally make money on these properties. Maryland saw banks starting the foreclosure process in a big way last month with a 229 percent increase over this time last year. That was the biggest jump in the country. The state's foreclosure process is slower than other parts of the country.
Banks are now working through a backlog of auctions and foreclosure activity is expected to stay high through the rest of the year.