Top 10 Worst Foreclosure States For July, 2008 in United States
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Foreclosures 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
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Comment by Hope on 16 August 2008:
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.
Pingback by Tina McAllister » Blog Archive » AZ one of the top foreclosure states - why am I not surprised? on 16 August 2008:
[...] can check out the other states in this auspicious top 10 here. « Gotta love those business cliches! Leave a [...]
Comment by Mark Madsen on 7 October 2008:
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
Comment by Out of Business on 2 November 2008:
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!