Mar 29, 2007 11:49 pm US/Eastern
Florida, Third-Highest Foreclosure Rate In US
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MIAMI (CBS4) ―
In February, Florida had a disappointing statistic when it showed 19,144 filings in February from a month earlier; that was the highest among all states. It now put Florida with the third-highest foreclosure rate in the country, averaging one for every 382 households.
Nevada, Colorado, Florida continue to post the top foreclosure rates in the nation, according to RealtyTrac, an online marketplace for foreclosure properties.
Nevada registered the nation's highest state foreclosure rate of one foreclosure filing for every 278 households -- more than three times the national average.
Nationally, RealtyTrac reports default notices, auction sale notices and bank repossessions, and it showed a 12 percent increase last month over January, showing a national foreclosure rate of one filing for every 884 U.S. households.
Other states with foreclosure rates ranking among the nation's 10 highest were Georgia, Michigan, Tennessee, Ohio, Texas, Arizona and Indiana.
(© MMVII, CBS Broadcasting Inc. All Rights Reserved.)
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