Chris Persaud of Bankrate.com recently published data from a RealtyTrac study identifying the top 10 foreclosure states for December, 2011. The rankings were based upon the number of foreclosure filings recorded per housing unit by state.
According to RealtyTrac, on a national basis there were “9 percent” fewer foreclosure filings between November and December of 2011. It should also be noted there are regions in each of the states which are performing much better than the state-wide averages indicate.
Check out the list below. Compare these foreclosure rates to the national average, which according to RealtyTrac, is 1 in every 634” housing units. Review the article for more information on foreclosure sales prices compared to the national average for residential sales prices.
Top 10 Foreclosure Rate States:
- Nevada: 1 in every 177
- California: 1 in every 254
- Michigan: 1 in every 346
- Arizona: 1 in every 357
- Florida: 1 in 360
- Georgia: 1 in 381
- Illinois: 1 in 419
- Delaware: 1 in 548
- Utah: 1 in 548
- Ohio: 1 in 583
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