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Top Five States Filing For Foreclosure

Categories: Buying a Home, Real Estate Investing, Nesters.com, Homeownership, Real Estate Agents, Local News
Posted Thursday, October 02, 2008 | 104 Views | 0 Comments |Article Rating

By: Erica Muller www.MySunnyHolidayVilla.com

Filing foreclosure used to be an embarrassing and desperate attempt to save your financial behind however with these record numbers it seems to be becoming an epidemic.  Just like our great grandparents lived through a historical event in history, the Great Depression, we are now living through a time that will forever be written and discussed in our children's history books.  They say history repeats itself, I'll leave you to be the judge on that one.

Foreclosure

#1. California with a whopping 101,724 filings
#2. Florida Trailing Behind at 44,000  filings
#3. Arizona 14,333 filings 
#4. Michigan 13,605 filings
#5. Nevada  with a surprising 11,706 filings

(Information Courtesy of RealtyTrac. Filing reports for the month of August 2008)

I was very surprised to see Michigan surpass Nevada with filings.  Nevada was a very popular state for real estate speculation back in the boom.  Many of the same investors that inflated Florida's market also inflated Nevada as well. I'm sure these numbers will continue to climb over the next six months.


 

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