States With the Highest Foreclosure Rates
Topics:California | Housing | Economy (U.S.)
Sectors:Real Estate
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Foreclosure filings, defined as a default notice, auction sale notice, or bank repossession show a 4 percent decrease in July from June, and a 35 percent decrease from the same period a year ago, according to RealtyTrac's July 2011 Foreclosure Market Report. One in every 611 U.S. housing units, had a foreclosure filing during the month of July, RealtyTrac said. “It appears that the foreclosure processing delays, combined with the smorgasbord of national and state-level foreclosure prevention efforts — including loan modifications, lender-borrower mediations and mortgage payment assistance for the unemployed — may be allowing more distressed homeowners to stave off foreclosure." said James J. Saccacio, chief executive officer of RealtyTrac. “Unfortunately, the falloff in foreclosures is not based on a robust recovery in the housing market but on short-term interventions and delays that will extend the current housing market woes into 2012 and beyond.” Here are states with the 10 highest foreclosure rates in July 2011.Updated August 11, 2011 |
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Photo: Henryk Sadura | Getty Images Rate: One in every 571 households Properties with filings in July: 4,534Change from June 2011: 43.34% Change from July 2010: -8.11% |
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Photo: John, Jacreative Rate: One in every 498 households Properties with filings in July: 10,627Change from June 2011: -3.51% Change from July 2010: -45.79% |
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Boise, Idaho, skyline | Photo: John D Rate: One in every 417 households Properties with filings in July: 1,52Change from June 2011: -17.49% Change from July 2010: -42.02% |
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Photo: iStock Rate: One in every 417 households Properties with filings in July: 10,894Change from May 2011: -15.67% Change from June 2010: -42.15% |
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Photo: ijoiseyshowaa Rate: One in every 396 households Properties with filings in July: 22,377Change from June 2011: -5.86% Change from July 2010: -56.60% |
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Photo: iStock Rate: One in every 933 households Properties with filings in July: 2,553Change from May 2011: -21.13% Change from June 2010: -34.50% |
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Photo: Matt Lemmon Rate: One in every 355 households Properties with filings in July: 11,461Change from June 2011: 17.97% Change from July 2010: -8.87% |
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Photo: Sean Horan Rate: One in every 273 households Properties with filings in July: 10,098Change from June 2011: -24.91 Change from June 2010: -38.04 |
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Photo: Cory Doctorow Rate: One in every 239 households Properties with filings in July: 56,193Change from June 2011: 3.89% Change from July 2010: -16.02% |
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Photo: iStock Rate: One in every 115 households Properties with filings in July: 9,930Change from June 2011: -0.77% Change from July 2010: -27.66% |
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