The Top 10 Foreclosure States (as of July)

Housing boom states now bearing the brunt of the real estate meltdown.


RealtyTrac recently released its U.S. Foreclosure Market Report for July.

From RealtyTrac, via The Real Estate Bloggers:

Foreclosure filings—default notices, auction sale notices and bank repossessions—were reported on 272,171 U.S. properties during the month, an 8 percent increase from the previous month and a 55 percent increase from July 2007. The report also shows one in every 464 U.S. households received a foreclosure filing during the month.

Which states have the highest foreclosure rates?

1. Nevada: One in 106 homes

2. California: One in 182 homes

3. Florida: One in 186 homes

4. Arizona: One in 195 homes

5. Ohio: One in 375 homes

6. Georgia: One in 385 homes

7. Michigan: One in 389 homes

8. Colorado: One in 390 homes

9. Utah: One in 472 homes

10. Virginia: One in 562 homes