Nevada, California, Florida, and Arizona take the top spots for foreclosures in the month of March, 2008 according to RealtyTrac. The speculative markets in these states are still unwinding as housing prices continue to recede.
Nevada is the hardest hit with one out of every 139 homes in foreclosure, nearly 4 times the national average. For comparison sake, Vermont which has the least amount of foreclosures has one home in 154,779 in foreclosure.
Top Ten States For Foreclosures – March, 2008
- Nevada 1 in 139 homes
- California 1 in 204 homes
- Florida 1 in 282 homes
- Arizona 1 in 283 homes
- Colorado 1 in 339 homes
- Georgia 1 in 351 homes
- Ohio 1 in 448 homes
- Michigan 1 in 475 homes
- Massachusetts 1 in 486 homes
- Maryland 1 in 538 homes
If you are interested in making money off of the foreclosures that are occuring and that programs like these are probably only going to make worse, get a free trial and see all of the foreclosures in your area.
[...] Areas where values have dropped 30% or more will benefit the most. California and Florida are in the top ten areas. [...]