The Top 10 Foreclosure States (as of June)

Nevada, California, and Arizona are leading the plunge.

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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

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