Top 10 Worst Foreclosure States For July, 2008 in United States

Forclosure-map-july-2008Foreclosures in the United States in the 10 worst states remained fairly consistent during the month of July. The leading states definitely has not changed. Nevada, California, Florida, and Arizona all are significantly worse off than the  5th highest state Ohio.

Watching the  Olympic soccer they are using the phrase Group of Death to talk about the hardest group of teams put together in the  preliminary round. I nominate these 4 states (Nevada, California, Florida, and Arizona) as the Foreclosure Group of Death. The rampant speculation in these cities has created a toxic situation that  has infected the rest of the country.

Top 10 Worst Foreclosure States For July, 2008 in United States

Rank    State           Total           1 every 1000
1       Nevada          10,060          106
2       California      72,285          182
3       Florida         45,884          186
4       Arizona         13,350          195
5       Ohio            13,457          375
6       Georgia         10,061          385
7       Michigan        11,591          389
8       Colorado        5,376           390
9       Utah            1,911           472
10      Virginia        5,745           562

 stats via RealtyTrac

Related posts:
  1. Top 10 Worst States For Foreclosures in November, 2008
  2. Top 10 States By Foreclosure Filings in 2008
  3. Top 10 Worst Foreclosure Cities For 2008
  4. Top 10 States For Foreclosures for February 2009
  5. Top 10 States For Foreclosures in January 2009

There Are 4 Responses So Far. »

  1. The sad thing is that many people don’t even fight their foreclosure. They just give up and they should not. In Florida you can sue and if you were subject to Predatory lending the foreclosure can be stop and win. Just for info this is the link to get help ( http://stop-foreclosure.com-for.us/) please post it.

  2. [...] can check out the other states in this auspicious top 10 here. « Gotta love those business cliches! Leave a [...]

  3. I am in Nevada and can tell you for certain that it is every bit as painful as you might think.

    As a mortgage broker, I am boxed out of most REO and new construction purchase deals because they won’t offer my clients closing costs unless the in-house lender is used.

    However, my real estate agents are busy writing offers and closing a few transactions. They are having to wait several weeks to get answers from the asset managers though.

    In regards to sellers – ouch. I’m hoping we can figure something out to help people either stay in their homes or get approvals for short sales faster.

    mm

  4. I don’t know about the rest of the Country, here in Palm Coast, there are over 5000 new homes vacant, every block homes are going up for sale or foreclosing, business are closing and foreclosing, there are over 60,000 in Palm Coast Fl as of 2006 and the population shrinking! There will be over 60,000 in the street and more if Obama gets voted in. We are all doomed.!Everyone that earns a paycheck count on 40% deducted, 54% if you own a business and that doesnt include health insurance that Obama is mandating and penalizing industries and small business not to mention unionizing ever business. Take a good look at what these demorats are about to do to all of us before it’s too late!

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