Nevada, Arizona, Georgia Post Top Foreclosure Rates in 2012

by Christopher Freeburn | July 12, 2012 1:32 pm

More than one million U.S. properties remain under foreclosure proceedings, according to data released on Thursday[1] 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.

Here are the top 10 foreclosure states and 5 key findings from RealtyTrac’s Midyear 2012 Foreclosure Market Report[2]:

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[3].

Source URL: http://investorplace.com/2012/07/nevada-arizona-georgia-post-top-foreclosure-rates-in-2012/
Short URL: http://investorplace.com/?p=196681

---