From a recent Realtor Magazine article, the ten states in the U.S. with the highest foreclosure rates in 2011 were ranked. Most of the results weren’t a suprise, as the states that began showing signs of heavy foreclosures years ago continue to lead the pack.
Nationwide, the numbers are actually encouraging. U.S. foreclosure filings dropped from 2.23 percent in 2010 to 1.4 percent in 2011. That was a drop of over 1/3 of the foreclosure filings nationwide in just one year. A few states still carry a large portion of the burden, however.
Nevada came in first again with 6 percent of its homes in some state of foreclosure during 2011. This is a staggering number, with one out of every 16 homes receiving a foreclosure filing. While this number is down somewhat, it puts Nevada at the top of the list for the fifth consecutive year.
Arizona came in second, with 4.14 percent of its homes receiving a foreclosure notice, or one out of every 15 homes. In third was California, at 3.19 percent.
Read the rest of the article at The Seattle Post-Intelligencer
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