May 24, 2018

10 States With Highest Foreclosure Rates in February

-A A +A

10 States With Highest Foreclosure Rates in February

A high number of foreclosures continue to beat down on several housing markets. For six years, Nevada has held the No. 1 spot for highest foreclosure rate in the country and still does, despite reaching a 58-month low in foreclosures in February, according to the most recent data from RealtyTrac. While the state is seeing a definite slowdown in foreclosures emerging, Nevada still has more than twice the national average of foreclosure filings. 

California, another state that typically follows closely behind Nevada, also continues to post a high foreclosure rate, despite seeing a big slowdown in its foreclosures too, hitting a 51-month low in foreclosure activity in February. 

Nationwide, one in every 637 households received a foreclosure filing in February, a slight drop compared to the previous month, according to RealtyTrac.

The following are the states with the highest foreclosure rates in the country in February: 

1. Nevada: 1 in every 278 households had a foreclosure filing in February

2. California: 1 in every 283 households

3. Arizona: 1 in every 312 households

4. Georgia: 1 in every 331 households

5. Florida: 1 in every 341 households

6. Illinois: 1 in every 398 households

7. Michigan: 1 in every 433 households

8. South Carolina: 1 in every 489 households

9. Ohio: 1 in every 543 households

10. Wisconsin: 1 in every 596 households

By Melissa Dittmann Tracey, REALTOR® Magazine Daily News

Read More

Top 6 States With Highest Mortgage Debt

Bernanke to Congress: Weak Housing Not Just Market Phenomenon