Thursday, August 18, 2011

Florida: A Top 10 Foreclosure State


According to RealtyTrac, a California-based firm that tracks foreclosures, Florida had one of the highest rates of foreclosure in June, with foreclosure filings being up 4 percent nationally from May to June. Nationally, 1 in every 611 housing units received a foreclosure filing in July. So, how did they break down? How did Florida stack up? Let's take a look.

1) Nevada: 1 in every 114 housing units; average sale price: $119,414.
2) Arizona: 1 in every 205 housing units; average sale price: $126,960.
3) California: 1 in every 248 housing units; average sale price: $242,444.
4) Utah: 1 in every 294 housing units; average sale price: $242,444.
5) Idaho: 1 in every 344 housing units; average sale price: $145,441.
6) Michigan: 1 in every 352 housing units; average sale price: $67,165.
7) Florida: 1 in every 372 housing units; average sale price: $177,569.
8) Georgia: 1 in every 418 housing units; average sale price $124,214.
9) Illinois: 1 in every 480 housing units; average sale price: $128,899.
10) Colorado: 1 in every 497 housing units; average sale price: $164,269.

So are our courts swamped with foreclosures?  Absolutely.  Who would have ever guessed that Utah and Idaho would have a higher foreclosure filing rate per capita than Florida.

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