The Top 10 Foreclosure States (as of June)

Nevada, California, and Arizona are leading the plunge.

By SHARE

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