Ranking the Top Ten States for Foreclosures

By
Real Estate Sales Representative

Foreclosures and short sales still seem to dominate most real estate markets in the country. Foreclosure filings -defined as a default notice, auction sale notice or bank repossessions were up 1 percent in January from the previous month. That means one in every 497 housing units received a foreclosure filing during the month. The diminishing numbers may seem like good news but there is some indication that lenders are inundated with paperwork and legal issues, slowing the process.

We will probably see foreclosure notices increase in the near future. Follow this link for a full report on foreclosure activity.

Our Top Ten states with the highest foreclosure rates.

10. Colorado- one in every 438 households

09. Florida- one in every 409 households

08. Illinois- one in every 402 households

07. Georgia- one in every 318 households

06. Michigan- one in every 272 households

05. Utah- one in every 265 households

04. Idaho- one in every 241 households

03. California- one in every 200 households

02. Arizona- one in every 175 households

01. Nevada- one in every 93 households

Remarkable numbers that most of us never thought we would see.

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Greg Saffell

Real Estate Broker, Seattle Area Sellers & Buyers
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