Rank    State           Total   % of Homes
1       Nevada          34,417  3.376
2       Florida         165,291 2.002
3       Michigan        87,210  1.947
4       California      249,513 1.921
5       Colorado        39,403  1.919
6       Ohio            89,979  1.797
7       Georgia         59,057  1.566
8       Arizona         38,568  1.516
9       Illinois        64,310  1.25
10      Indiana         27,980  1.027

There Are 5 Responses So Far. »

1. 

   Comment by Blue Ridge GA Real Estate on 29 January 2008:

   Well those numbers say it all. Wishing all of you on the list a better year in 2008.

2. Pingback by Utah Not Among the Top Ten States in Foreclosures | The Jimmy Rex Team on 29 January 2008:

   [...] See Who was Among the Top Ten… [...]
3. 

   Comment by unknown on 29 January 2008:

   Check out the article in Tuesdays Houston Chronicle Business section under”Fired VP sues Lender” and make sure you read all the comments under the article about Countrywide KB home Houstons practices. Someone let the cat out of the hat.
4. 

   Comment by Basilovecchio on 30 January 2008:

   I would like to present a united way out of this horrible mess,by turning this American nightmare into an American DREAM.
   Turn all defaulted homes into AFFORDABLE HOMES.Solve two problems at the same time,one will cancell the other.
   “The united way everybody wins plan”
   in it’s simplest form:
   Banks and lenders need to immediately STOP ALL foreclosures and short sales.They will receive up to 120% of the loan balance with new terms and conditions.
   They will issue a new note two part note.Part one: Note for 15 years fixed at a rate of 6% for ONE HALF OF THE LOAN BALANCE,up to 120% of the Home value.This should be an avenue of relief for 99% of the homeowners that are in distress. Also an avenue by which Foreclosed property will immediately
   be taken off the market by the one element that will solve the problem-NEW END USERS(a/k/a people that need AFFORDABLE HOUSING).
   The second part: A note that starts payment on the 161st month on a fixed 30 year set at prevailing rate (estimate 6%).Example $200.000 bad loan on a property valued today at 180,000.
   Becomes AFFORDABLE for the person ther or a new end user because the monthly payment will be $844 per month…FIXED for 15 Years,then DROP,yes lowers to $600 per month.

   GREAT!!!!! but insane.Monetery trickery!The OTHER HALF BALANCE the bank or lender will have to pay interest for 15 years.NO DEAL!
   No so,The borrower is paying 6% wich is a higher rate
   so that 2% of the interest can be given to the lender to pay back the borrowed money for 15 years….MONEY THAT THE FEDS MUSTLEND THEM ON THESE NOTES AT 2% fixed 15 years.
   In this United Way Everybody wins!!

   Anyone that emails me ,I will be pleased to send a Detailed report.
   PLEASE SEND THIS TO YOUR LENDER<THE PRESIDENTANY MEMBER OF CONGRESS.
   Or if I am wrong send me an email stating why this can- not happen and I will cease and desist
   and go back to being a quiet broker/owner.

   C Basilovecchio
   cbasilovecchio@aol.com
   Please excuse any typo’s,sometimes my one finger misses a key or two.

5. Pingback by how can you check which states have the best real estate appreciation AND the ones with the most foreclosures? | Solve Real Estate on 6 June 2009:

   [...] 2007 Foreclosure Stats Rank State Total % of Homes 1 Nevada 34,417 3.376 2 Florida 165,291 2.002 3 Michigan 87,210 1.947 4 California 249,513 1.921 5 Colorado 39,403 1.919 6 Ohio 89,979 1.797 7 Georgia 59,057 1.566 8 Arizona 38,568 1.516 9 Illinois 64,310 1.25 10 Indiana 27,980 1.027 http://www.therealestatebloggers.com/2008/01/29/top-10-states-with-highest-foreclosure-rate-in-2007/ [...]

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