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

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Adrian Taistra of CA 10:50PM March 31, 2010
of MI 9:10AM August 15, 2008
flower1800 of CT 9:35AM August 03, 2008