The Top 10 Foreclosure States (as of August)

Housing boom states remain atop the gloomy list.

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RealtyTrac has released its U.S. Foreclosure Market Report for August.

From RealtyTrac, via The Real Estate Bloggers:

Foreclosure filings—default notices, auction sale notices and bank repossessions—were reported on 303,879 U.S. properties during the month, a 12 percent increase from the previous month and a 27 percent increase from August 2007. The report also shows one in every 416 U.S. households received a foreclosure filing during the month.

Which states have the highest foreclosure rates?

  1. Nevada: 1 in 91 homes
  2. California: 1 in 130 homes
  3. Arizona: 1 in 182 homes
  4. Florida: 1 in 194 homes
  5. Michigan: 1 in 332 homes
  6. Georgia: 1 in 422 homes
  7. Ohio: 1 in 444 homes
  8. Colorado: 1 in 452 homes
  9. Illinois: 1 in 483 homes
  10. Indiana: 1 in 522 homes