Top 10 Foreclosure States

[David Bradica]

What`s that? Your buddy/cousin`s friend/uncle told you that you should invest in the US? He/she said that it was cheap? What state did they say again? Anything in this list jog your memory?


Foreclosure Rates
In February, one in every 440 American households received either a default notice, bank repossession or auction sale notice, according to RealtyTrac`s U.S. Foreclosure Market Report. Foreclosure filings are up 30 percent from a year ago. Here`s a look at the states with the ten highest rates.


10. Ohio - Rate: One in every 451 households

9. Oregon - Rate: One in every 446 households

8. Georgia - Rate: One in every 389 households

7. Illinois - Rate: One in every 369 households

6. Michigan - Rate: One in every 360 households

5. Idaho - Rate: One in every 358 households

4. Florida - Rate: One in every 188 households

3. California - Rate: One in every 165 households

2. Arizona - Rate: One in every 147 households

1. Nevada - Rate: One in every 70 households

Ouch! Let`s all stick to the fundamentals and listen to the research, not our family/friend "experts".

http://www.cnbc.com/id/29655038