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States With the Highest Foreclosure Rates

By: CNBC.com | 14 Jul 2011 | 02:19 AM ET
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Highest Foreclosure States
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

10. Wisconsin
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%

9. Illinois
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%

8. Idaho
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%

7. Michigan
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%

6. Florida
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%

5. Utah
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%

4. Georgia
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%  

3. Arizona
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

2. California
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%

1. Nevada
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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