Top 10 Worst States For Foreclosures in November, 2008

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MoneyhousesmallThe foreclosure numbers are out for November, 2008 and they are not as ugly as one would have thought listening to the media. California is getting better raising it’s foreclosure rate from 1 in 130 homes in August to 1 in 218 homes in November. With all of the government inducements to get behind on ones mortgages this is a surprising development.

Nevada, Florida, and Arizona lead the way. The speculation and overbuilding in these markets is still taking it’s toll. New additions to the the western states of Utah and Idaho, previously not even on the list and thought immune to the crisis.

Top 10 Worst States For Foreclosures in November, 2008

Rank    State           Total   1 in XX/Homes
---------------------------------------------
1       Nevada          13962   1 in 76
2       Florida         49190   1 in 173
3       Arizona         13136   1 in 198
4       California      60491   1 in 218
5       Michigan        14594   1 in 309
6       Georgia         10003   1 in 387
7       Ohio            12883   1 in 392
8       Colorado        5327    1 in 393
9       Utah            2003    1 in 450
10      Idaho           1284    1 in 479
via RealtyTrac

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  1. it is amazing the foreclosure rate. I read earlier today that credit suise was estimating 1 in 10 people will be in foreclosure

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