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45 of 50 States See Increase In Foreclosures

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The third quarter foreclosure numbers are in and 45 of 50 states saw increases in foreclosure activity, though some, like Ohio, Michigan, California, Arizona, Nevada and Florida, were much worse than others.

Overall, foreclosures are up 30% from last quarter and 100% from last year. Nationwide, there was 1 foreclosure filing for every 196 households.

Click the heat map to see what's going on in your area.

Foreclosure Activity Up 30% in Q3 [RealtyTrac]

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16
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as always, Cleveland rocks

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Ohio's terrible because of builders like MI & Dominion approving everybody for "no money down" loans (they tacked the downpayment to the loan!), and doing interest only loans. Those who were smart enough not to finance through their builders still can't sell, since there are so many houses for auction for well under appraised value.


Sucks.

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Just heard on the radio that WaMu and a mortgage broker in CA conspired to inflate appraisals in order to generate larger loans and thus larger fees for the broker and profit for WaMu.

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Looks like every major US city is in the red.

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The full sized map cuts off at Ohio

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@backspinner:


What resolution are you using? I see the full map using 1400x1050.

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This is interesting


Look at that map next to this one
[www-personal.umich.edu]

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Um, I don't see 50 states on that map. Yet again, mainland prejudice leaves out Alaska and Hawaii. What's the deal?

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I was thinking about a summer place near Anchorage, too bad the map doesn't show Alaska (or Hawaii).

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@HONU-GIRL: Hey, you get to live in Hawaii, you can handle being left off a website.

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@backspinner: Look for the scroll bars on the bottom and right of the screen--you have to scroll to see the whole map...

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@tadowguy: Actually, I don't live there anymore, but we're looking to move back. I was curious as to what the market there was looking like.

It's more a comment on how maps of the US often don't include the ENTIRE country, and how most people don't even notice it.

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@honu-girl: Yeah, Americans never cared much for states that joined the union on or after the 50's ;-)

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The problem with Hawaii on the map is that there is too much empty space between it and the mainland. Maybe it wouldn't be eliminated from maps so often if we could move it in closer to California?? ;)

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@azntg: And many Americans don't know what state they currently reside in, much less where Hawai'i or Alaska are.