Foreclosures Hit Another Record High, Up 34% From 2008

One in every 324 households in this country received a foreclosure filing last month, according to RealtyTrac. This marks the all time high since the firm started tracking filings in 2005. Foreclosure filings are up 34% since last year.

RealtyTrac says:

The 10 states with the most properties with foreclosure filings in April accounted for more than 75 percent of the national total. California documented the highest total (96,560), followed by Florida (64,588), Nevada (16,266) and Arizona (16,245).

Foreclosure filings were reported on 13,647 Illinois properties in April, the nation’s fifth highest state total. Illinois foreclosure activity decreased 11 percent from the previous month but was still up 54 percent from April 2008. With one in every 384 housing units receiving a foreclosure filing, the state’s foreclosure rate ranked eighth highest in the country but was still below the national average.

Other states with totals among the 10 highest in the country were Ohio (12,324), Georgia (11,521), Texas (11,314), Michigan (10,830) and Virginia (6,254).

FORECLOSURE ACTIVITY REMAINS AT RECORD LEVELS IN APRIL [RealtyTrac]
(Photo:Andrew Ciscel)