Highest Foreclosures By State

Foreclosure rates throughout the country continue to set record highs but if youre looking for the best deals on real estate then youre most interested in the states that are seeing the largest percentage of those lost homes. Below is some information on the highest foreclosures by state.

The West Hit Hard

When the foreclosure figures came out for the end of 2008, the Western part of the United States had claimed three spots at the top of the foreclosures by state list. At the top was Nevada. One in every 76 homes had been subjected to either a default notice or had been seized by the state. In fact, the rate of foreclosure had increased by more than 100% since the previous year at the same time.

The other major hit was California. Not only does the state have high numbers but it also is home to six of the top ten metropolitan areas that have the highest levels of foreclosure, including Merced whose foreclosures are eight times higher than average. Compared to these two states, Arizona, which took the third spot, didnt seem to be doing that bad.

The Midwest Not Immune

While Florida and Texas were also on the list, some of the other major states to be hit hard by foreclosures were in the Midwest. Illinois, for example, took the fourth spot while Ohio also made it into the top ten. All of these states have seen double digit increases thanks not only to the downturn in the market but also to massive job layoffs in the manufacturing sector.

These rankings of foreclosures by state can help you decide where the best places to look for real estate deals are going to be. Chances are youll be able to find a real bargain in any of the states making the list of highest foreclosures by state.

About the Author:
Joseph Smith has been educating buyers on the finer points of Free California Foreclosure Listings purchase at ForeclosureListingsNationWide.com for over ten years. Click here to visit and read more advice on finding Foreclosures by State.

Article Originally Published On: http://www.articlesnatch.com

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