Top 10 Worst Foreclosure States For May, 2008
June 14th, 2008 • Related • Filed Under
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The big 4 lead the way again. Nevada, California, Arizona, and Florida both have foreclosure rates above the rest of the country for May, 2008.
The rates are significantly worse than April with Nevada being up 23 percent. Colorado foreclosures were down 10 percent signaling a slowdown but for the most part the states saw rapid increases in the rate of foreclosure activity.
Top 10 Worst Foreclosure States For May, 2008
Rank State Per 1000 April Change
1 Nevada 118 23.82 2 California 183 11.2 3 Arizona 201 11.52 4 Florida 228 5.96 5 Michigan 353 24.57 6 Georgia 378 11.45 7 Colorado 388 -10.05 8 Mass. 406 32.83* 9 Ohio 410 5.27 10 New Jersey 467 44.47*
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Comment by Eddie Stewart on 16 June 2008:
Foreclosures are way up and it appears we’ve only seen the beginning. It doesn’t take a real estate guru to see that. But with all the heart ache there can be incredible potential. There’s a Google Maps/MLS mashup by PropertyMaps that lists and shows pictures of foreclosure properties across the US. It’s been very helpful.
Comment by Susan on 11 July 2008:
I agree, short sales and foreclosures are going to keep quite common the MLS for some time.
Comment by Greg Watson on 17 August 2008:
I totally agree with you. Thank you for sharing
Comment by Dale "Short Sale" Kirkland on 19 August 2008:
Well, it’s interesting to see that the states most affected are ones that have stressed economies already. The fact that many are doing everything to get jobs is directly related to their ability to pay a mortgage. Dale
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