Real Estate Investing Facts

California had the largest foreclosure reported with 92,249 properties with foreclosure filings in May. This is the highest total of all the states and it is up almost a frightening nearly 23 percent from May 2008. California’s bank repossessions were down 1 percent from the previous month. The defaults were down 18 percent, but scheduled auctions were up 18 percent.

In Florida bank repossessions, default notices and scheduled auctions were all down from the previous month. Even with this news the state still posted the nation’s second largest number of properties with foreclosure filings: 58,931, which is up 50 percent from May 2008.

Nevada registered 17,157 properties with foreclosure filings in May. This is the third highest total of all the states and up nearly a staggering 83 percent from May 2008. With a 23 percent increase in bank repossessions this helped push Nevada foreclosure activity up 5 percent from April.

The remaining top ten states in the country were Arizona-16,865, Michigan-13,891, Ohio-11,360, Illinois,10,942, Georgia-10,516, Texas-9,813 and Virginia-5,385. These top 10 states totaled nearly 77 percent of the total properties filing for foreclosure nationwide.

Find United States Foreclosures

Hans Anderson

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