176,446 New Listings - March 2010 - Last update March 19, 2010 6:15 AM ESTSecond Quarter Foreclosure Reports on Top Five States
The second quarter foreclosure reports on top five states show that the first three positions in the state foreclosure rate were occupied by Nevada, California and Arizona. The second quarter of 2008 found one in every 43 households in Nevada with a foreclosure filing. It had the highest foreclosure rate among states. Property filings in Nevada reached a peak during the second quarter of this year with a record of 24,657 foreclosure filings, considered to be 26% up from the last quarter and a runaway 147% up from the same quarter of 2007, according to RealtyTrac.
California reached the highest total in the number of foreclosure filings among the states with 202,599 foreclosure filings on properties where one in every 65 households received a foreclosure filing. It claimed the nation’s second highest state foreclosure rate, with an increase of 19% in foreclosure activity from the first quarter of 2008 and three times the figure in the same quarter of 2007, as per records.
Foreclosure filings in the state of Arizona in the second quarter of 2008 went up by 36% from the last quarter and nearly increased four times the figure recorded in the second quarter of 2007.Foreclosure filings posted for the same period was 37,230 on Arizona properties where one in every 70 households received foreclosure filing and Arizona had the nation’s third highest state foreclosure rate for the quarter ending June, 2008.
Florida, the nation’s fourth highest state in foreclosure rate stepped up a 25% hike in foreclosure activity during the second quarter of this year. Foreclosure filings on Florida reo properties were 109,433, with one in every 78 households receiving a foreclosure filing during the same period, which was more than double the national average and the second highest total among all the states.
Colorado found itself in the fifth highest position during the second quarter of 2008 in the national foreclosure market rate marking more than a 50% rise from the second quarter of 2007. One in every 129 Colorado household received a foreclosure filing during the quarter although data show a 15% decrease in foreclosure activity during these months.
Ohio documenting the third highest total among states had the sixth highest foreclosure rate in the country. During the second quarter 37689 foreclosure filings were reported, with one in every 134 households receiving a foreclosure filing, raising the figure up by 21% from the last quarter and almost 27% higher than the second quarter of 2007.
If you liked that post, then try these...
To Escape Foreclosure Troubles Walk Out Of One House And Buy Another by neha on September 19th, 2008
The suggestion sounds absurd that to escape .
Banks Trying To Convince Lawmakers That They Are Doing Their Best To Contain Foreclosures By Issuing New Loans by neha on November 28th, 2008
Some of the jumbo banks of the country are trying to convince the lawmakers that they are using sanctioned money to contain .
Amidst Foreclosures; Banks Slow on Loan Revision by neha on January 14th, 2010
.
Foreclosure Phase II About to Take Off by neha on August 28th, 2009
.
Foreclosure Crisis Is Making Realtors Close Ranks and Club Together by neha on May 5th, 2009
The .
May 22nd, 2009 at 5:01 pm
[...] Palm Beach Mall, the first indoor shopping complex in the county is facing foreclosure in April 2009. The owners have failed to repay $55.4 million its lender -JPMorgan Chase Bank. The [...]
May 25th, 2009 at 2:30 pm
[...] and priced to sell.” In 2008 more than half the houses on the shop shelves came from the foreclosure category as per the findings of The Arizona [...]
June 1st, 2009 at 2:47 pm
[...] new administration has promised protection for foreclosure victims who are subjected to two pronged attacks – first from predatory lenders and now from [...]
June 2nd, 2009 at 4:01 pm
[...] the problem so as to limit its catastrophic impact on urban societies. The long term answer to the foreclosure problem, as with any other problem, does not lie with the experts, but with the people and their [...]
June 4th, 2009 at 6:00 pm
[...] in Los Angeles, it noted a 24 per cent rise and New York City witnessed a 56 per cent growth in foreclosure filings. The Queens borough in New York perhaps accounted for the highest number of foreclosure [...]
June 5th, 2009 at 8:11 pm
[...] banks remain strong despite foreclosure winds. Banks should have a strong regulatory system and must exercise discretion while giving out [...]
June 19th, 2009 at 6:05 pm
[...] has been one of the worst foreclosure hit states but there are signs that the winter of discontent is drawing to a close. The bungalow of [...]
February 19th, 2010 at 4:13 pm
[...] down the streets of Detroit the scars from the foreclosure and auto crisis are visible. The blight continues. There are bold For Sale sings across shuttered [...]