In the United States, last year, about 1.89 million properties received notices of default, auction or repossession. That's just one in 69 U.S. households. Foreclosure filings totaled almost 2.7 million, meaning some properties got multiple notices. More importantly, 804,000 + properties were actually seized by lenders last year.
Leading the pack (in foreclosure filings per household of 2011) as the Nation's highest rate for the fifth straight year, that's 1 in 16, it's Nevada again!
Lagging not fare behind, as #2 in agressive bank actions was Arizona with 1 in 24 households receiving a notice.
Rounding out the field for TOP 10 highest rates in 2011;
#3 California 1 in 31
#4 Georgia 1 in 37
#5 Utah 1 in 43
#6 Michigan
#7 Florida
#8 Illinois
#9 Colorado
#10 Idaho
In the category "Top 10 metropolitan areas with populations over 200,000" coming in first with 1 foreclosure filing per 14 households its -- wait for it ----- Las Vegas.
#2 Stockton
#3 Modesto
#4 Vallejo-Fairfield
#5 Riverside-San Bernardino
#6 Phoenix
#7 Merced
#8 Reno
#9 Bakersfield
#10 Sacramento
Stay tuned as Year 2012 is promising to have even bigger numbers. Banks are expected to seize more than 1 million U.S. homes this year (up 25%) even while settlement talks continue between the lenders and state attorneys general over robosigning.
Leading the pack (in foreclosure filings per household of 2011) as the Nation's highest rate for the fifth straight year, that's 1 in 16, it's Nevada again!
Lagging not fare behind, as #2 in agressive bank actions was Arizona with 1 in 24 households receiving a notice.
Rounding out the field for TOP 10 highest rates in 2011;
#3 California 1 in 31
#4 Georgia 1 in 37
#5 Utah 1 in 43
#6 Michigan
#7 Florida
#8 Illinois
#9 Colorado
#10 Idaho
In the category "Top 10 metropolitan areas with populations over 200,000" coming in first with 1 foreclosure filing per 14 households its -- wait for it ----- Las Vegas.
#2 Stockton
#3 Modesto
#4 Vallejo-Fairfield
#5 Riverside-San Bernardino
#6 Phoenix
#7 Merced
#8 Reno
#9 Bakersfield
#10 Sacramento
Stay tuned as Year 2012 is promising to have even bigger numbers. Banks are expected to seize more than 1 million U.S. homes this year (up 25%) even while settlement talks continue between the lenders and state attorneys general over robosigning.
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