The Top 10 Foreclosure States (as of June)

Posted 00, 0000 by Luke Mullins

The Top 10 Foreclosure States (as of June)

July 10, 2008 04:45 PM ET | Luke Mullins | Permanent Link

This article is courtesy of USnews.com and it could be found on

http://www.usnews.com/blogs/the-home-front/2008/7/10/the-top-10-foreclosure-states-as-of-june.html

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?

Nevada: One in 122 homes
California: One in 192 homes
Arizona: One in 201 homes
Florida: One in 211 homes
Michigan: One in 375 homes
Ohio: One in 382 homes
Colorado: One in 429 homes
Georgia: One in 444 homes
Indiana: One in 568 homes
Utah: One in 600 homes