Nevada, Arizona, Georgia Post Top Foreclosure Rates in 2012

Here are the states with the highest foreclosure rates this year

   

More than one million U.S. properties remain under foreclosure proceedings, according to data released on Thursday by RealtyTrac.

That number represents a 2% rise in properties experiencing some form of foreclosure activity this year, compared to the second half of 2011. However, the number of properties in foreclosure has fallen 11% from the first six months of last year.

foreclosure sign 2 Nevada, Arizona, Georgia Post Top Foreclosure Rates in 2012
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Here are the top 10 foreclosure states and 5 key findings from RealtyTrac’s Midyear 2012 Foreclosure Market Report:

Top 10 states with the highest foreclosure rates for the first half of 2012:

  1. Nevada
  2. Arizona
  3. Georgia
  4. California
  5. Florida
  6. Illinois
  7. Michigan
  8. Colorado
  9. Ohio
  10. Utah

Five Key Findings fo RealtyTrac Midyear Report:

  • Foreclosure activity rose in 20 states during the first half of 2012, compared to the same time in 2011.
  • Second-quarter foreclosure activity fell as bank repossessions dropped sharply. However, more than 300,000 properties entered foreclosure, up 9% from the first quarter.
  • Foreclosure process starts rose in 31 states during the second quarter, compared to last year.
  • Total property foreclosure actions nationwide fell in June, compared to last year, marking the 21st consecutive month of such declines.
  • California saw foreclosure starts rise 18% in June, compared to the previous year, placing California as the leading state for foreclosure activity last month.

For more information about RealtyTrac’s Midyear 2012 Foreclosure Market Report, please click here.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/nevada-arizona-georgia-post-top-foreclosure-rates-in-2012/.

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