HCPLive Network
LIFESTYLE

Worst State Foreclosure Rates

Laura Joszt | Monday, November 26, 2012
Foreclosures may be down over a year ago, but new filings were up 3% last month, according to a new report.
 
“We continued to see vastly different foreclosure trends across the country in October, depending primarily on how each state’s foreclosing infrastructure was able to handle the high volume of delinquent loans during the worst of the foreclosure crisis in 2010,” Daren Blomquist, vice president of RealtyTrac, said in a statement.
 
Things are especially bad for New Jersey, New York and Connecticut. These three states were already dealing with the biggest rebound in deferred foreclosure activity, but they also have to handle damage from superstorm Sandy.
 
“The foreclosure moratoriums being put into effect as a result of the storm will likely extend the already-lengthy time to foreclose in these states, further prolonging a fundamentally sound housing recovery,” Blomquist said.
 
These three states also reported the largest annual increases in foreclosure activity with New Jersey up 140%, New York up 123% and Connecticut up 43%. However, Florida had the highest foreclosure rate for the second month in a row — one in every 312 housing units filed a foreclosure.
 
Despite how poorly New York, New Jersey and Connecticut are doing in the wake of Sandy, plenty of other states have worse foreclosure rates. Here are the 10 worst.
 
(Foreclosure rate is defined as a foreclosure filing for one in every X homes.)
 
10. Michigan

Downtown Grand Rapids

Rate: 1 in every 607 homes
Worst county: Wayne
Compared to a year ago: Down 53.68%
 
9. South Carolina

Historic Hampton neighborhood, Columbia, South Carolina

Rate: 1 in every 601 homes
Worst county: Richland
Compared to a year ago: Down 2.62%
 
8. Colorado

Downtown Denver

Rate: 1 in every 563 homes
Worst county: Fremont
Compared to a year ago: Down 16.81%
 
7. Ohio

Shaker-Heights Ohio

Rate: 1 in every 476 homes
Worst county: Stark
Compared to a year ago: Up 24%
 
6. Georgia

Inman Park, Atlanta

Rate: 1 in every 439
Worst county: Newton
Compared to a year ago: Down 7%
 
5. Arizona

Phoenix

Rate: 1 in every 420 homes
Worst county: Navajo
Compared to a year ago: Down 36.33%
 
4. California

Painted Ladies in San Francisco

Rate: 1 in every 379 homes
Worst county: Stanislaus
Compared to a year ago: Down 34.82%
 
3. Illinois

Chicago

Rate: 1 in every 356 homes
Worst county: Will
Compared to a year ago: Up 18.98%
 
2. Nevada

Henderson

Rate: 1 in every 352 homes
Worst county: Clark
Compared to a year ago: Down 47.14%
 
1. Florida

Pompano Beach

Rate: 1 in every 312 homes
Worst county: St. Lucie
Compared to a year ago: Down 12.97%



RELATED ARTICLES
If investors want better outcomes, they would be better served if capital were allocated by diverse teams. And the issue is not just about white males. When a team or market is dominated by any ethnicity, it tends to make worse decisions.
The issue of transparency in healthcare, particularly where pricing and payment information is concerned, has been widely debated for years. Is there a benefit to making this information readily available to the general public?
Only if you know where to shop, goes the old punch line. But a recent Wall Street Journal article cites new research on the long-argued subject that is worth riffing upon.
RECENT CLINICAL ARTICLES
Dronabinol, commonly used as a nausea treatment, could be effective treatment for non-cardiac chest pain patients.
Prenatal and early infant exposure to air pollutants may be linked to developing autism, according to research presented at the American Association for Aerosol Research.
A considerable proportion of patients who did not meet the Seventh Report of the Joint National Committee blood pressure management goals do meet the new goals based on the 2014 expert panel recommendation, according to a study published in the Dec. 2 issue of the Journal of the American College of Cardiology.