Florida Heads U.S. in Foreclosures

Written by Administrator

Florida led the U.S. in home foreclosures this year, reports show.

Of the top 5 states with highest ranking number of home foreclosures. Michigan with 45,00; Texas with 32,000; Georgia with 26,000; and California with 26,000. The combination of the top 5 states ranked for foreclosure consisted of close to half of the foreclosures nationwide.

In September, the foreclosures in the nation consisted of 470,000 (1.2%)  of mortgaged homes throughout the nation, in comparison to 1.6% of mortgaged homes in September of last year.



East Coast states such as Florida and New Jersey continue to improve in foreclosure rankings.  All but 4 states had increases in Foreclosure ratings.