The percentage of distressed sales of residential properties in Maryland continues to be well above the national average, accounting for 20.3 percent of all sales in May, according to CoreLogic Inc.
Only Michigan and Florida have a higher share of distressed sales.
Distressed sales are defined as properties either owned by the lender through foreclosure or short sales by owners facing foreclosure.
Nationally, CoreLogic says distressed sales fell to 9.9 percent in May, down 2.8 percent from a year ago. The share of bank-owned property sales was 6.4 percent, the lowest since October 2007.