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10 States Still Loaded With Foreclosed Homes

Credit.com Logo By Christine DiGangi of Credit.com | Slide 1 of 12: For the first time in several months, Florida does not have the nation's highest foreclosure rate. It's not even No. 2. It's fourth. Until last month, Florida had one of the top-three foreclosure rates since June 2012.That's largely because the share of Florida homes in some state of foreclosure was down last month nearly 33% from August 2014, according to the monthly report on the U.S. residential foreclosure market from housing data company RealtyTrac. Nationwide, the share of homes with a foreclosure filing (default notices, scheduled auctions and bank repossessions) declined about 6% in August from the same time last year, but the number of homes entering the foreclosure process for the first time is at its lowest point since November 2005. One in every 1,205 U.S. housing units had a foreclosure filing in August.

Foreclosures Galore

For the first time in several months, Florida does not have the nation's highest foreclosure rate. It's not even No. 2. It's fourth. Until last month, Florida had one of the top-three foreclosure rates since June 2012.

That's largely because the share of Florida homes in some state of foreclosure was down last month nearly 33% from August 2014, according to the monthly report on the U.S. residential foreclosure market from housing data company RealtyTrac.

Nationwide, the share of homes with a foreclosure filing (default notices, scheduled auctions and bank repossessions) declined about 6% in August from the same time last year, but the number of homes entering the foreclosure process for the first time is at its lowest point since November 2005. One in every 1,205 U.S. housing units had a foreclosure filing in August.

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© Christine DiGangi
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