The Home Front

The Top 10 Foreclosure States (as of June)

By Luke Mullins

Posted: July 10, 2008

RealtyTrac's most recent U.S. Foreclosure Market Report found that June foreclosure filings fell 3 percent from May, but they still are up 53 percent from a year ago. All told, one in every 501 American households got a foreclosure filing last month.

From RealtyTracs press release:

"June was the second straight month with more than a quarter-million properties nationwide receiving foreclosure filings," said James J. Saccacio, chief executive officer of RealtyTrac. "Foreclosure activity slipped 3 percent lower from the previous month, but the year-over-year increase of more than 50 percent indicates we have not yet reached the top of this foreclosure cycle. Bank repossessions, or REOs, continue to increase at a much faster pace than default notices or auction notices. REOs in June were up 171 percent from a year ago, while default notices were up 38 percent and auction notices were up 22 percent over the same time period."

Which states have the highest foreclosure rates?

  1. Nevada:  One in 122 homes
  2. California:  One in 192 homes
  3. Arizona:  One in 201 homes
  4. Florida:  One in 211 homes
  5. Michigan:  One in 375 homes
  6. Ohio:  One in 382 homes
  7. Colorado:  One in 429 homes
  8. Georgia:  One in 444 homes
  9. Indiana:  One in 568 homes
  10. Utah:  One in 600 homes

Texas is booming because of good old president Bush..

As the rest of us fail and old people lose their homes and cant get medical care as Bush promised..

Glad that joke is going to be out soon!

Maybe gas prices will come back down

of MI @ Aug 15, 2008 09:10:28 AM

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flower1800 of CT @ Aug 03, 2008 09:35:29 AM

foreclosure help

The point to the whole thing is, there are people on the streets, and shouldnt be there,,

We need to stand for ourself no one else will fully do that,

Mortgagebuyerbasic does help if you cant help yourself.

sonya of MS @ Jul 28, 2008 19:23:07 PM

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The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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