10 States With Highest Foreclosure Rates in February
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
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