RealtyTrac, an online real estate data resource, counted properties with at least one foreclosure filing entered into the RealtyTrac database in the first six months of the year. Some filings may have also been recorded in previous months.
While June 2010 filings – at 313,841 – were down 3 percent from May 2010, and down 7 percent from the same month last year, June’s totals still mark the 16th straight month that foreclosure filings have exceeded 300,000.
James J. Saccacio, chief executive officer of RealtyTrac, stated that these numbers show “a massive number of distressed properties and underwater loans… (are) threatening the fragile stability of the housing market.”
The data revealed the top ten states with the highest foreclosure states (in order from highest rates to lower): Nevada, Arizona, Florida, California, Utah, Georgia, Michigan, Idaho, Illinois and Colorado. In sheer number of foreclosures, California, Florida and Arizona hold the top three spots.
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