Today's Foreclosures: Top 10 States, Top 5 Drops, and Breaking News

 

  1. Florida: 1 in every 304 homes received a foreclosure filing in November
  2. Nevada: 1 in every 390 homes
  3. Illinois: 1 in every 392 homes
  4. California: 1 in every 430 homes
  5. South Carolina: 1 in every 455 homes
  6. Ohio: 1 in every 458 homes
  7. Arizona: 1 in every 468 homes
  8. Georgia: 1 in every 494 homes
  9. Michigan: 1 in every 621 homes
  10. Indiana: 1 in every 684 homes

Source: RealtyTrac

With that list, I would also like to add some positive news. Foreclosure starts fell to a new –year low. They have dropped 28% from only a year ago.

The latest data offers “more evidence that we are past the worst of the foreclosure problem brought about by the housing bubble bursting six years ago,” says Daren Blomquist, vice president at RealtyTrac. “But foreclosures are continuing to hobble the U.S. housing market as lenders finally seize properties that started the process a year or two ago — and much longer in some cases. We’re likely not completely out of the woods when it comes to foreclosure starts, either, as lenders are still adjusting to new foreclosure ground rules set forth in the National Mortgage Settlement along with various state laws and court rulings.”

So here is another list--the greatest drops in foreclosures:

  1. Oregon: dropped 84%
  2. Pennsylvania: dropped 67%
  3. California: dropped 63%
  4. Arizona: dropped 59%
  5. Georgia: dropped 51%

READ MORE

 

 

Hart Real Estate Solutions

www.hart.realtor

406.585.0000

Hart Real Estate Solutions Bozeman Montana


  

 

Comment balloon 2 commentsHart Real Estate Solutions • December 19 2012 07:45AM

Comments

Hey Tim,

Good to see the drop in foreclosures in Georgia.  Thanks for the update and have an excellent day!

Posted by Jordon Wheeler, J W Group Real Estate Sales and Service (The Jordon Wheeler Group) almost 6 years ago

Yes, it is.  Thanks you for your comments Jordon!

 

Tim

Posted by Hart Real Estate Solutions, Broker/Owner (Hart Real Estate Solutions) almost 6 years ago

Participate