Inman News said:
"For the eighth consecutive month Colorado documented the nation's highest state foreclosure rate -- one new foreclosure filing for every 327 households -- thanks to a 25 percent month-over-month increase in foreclosure activity. The state reported 5,592 properties entering some stage of foreclosure during the month, more than twice the number reported in October 2005."

2. Nevada

Inman News said:
"With one new foreclosure filing for every 389 households, Nevada documented the nation's second-highest state foreclosure rate for the fifth straight month as foreclosures continued to climb. The state reported 2,229 properties entering some stage of foreclosure, an increase of 16 percent from the previous month and more than six times the number reported in October 2005."

3. Georgia

Inman News said:
Rising 33 percent from September, Georgia's foreclosure rate -- one new foreclosure filing for every 44. 9 households -- jumped to third highest in October after being fifth highest the previous month. The state reported 6,895 properties entering some stage of foreclosure, almost twice the number reported in October 2005.

Then the Inman News article lumped state 4 through 10 together...

"Other states reporting foreclosure rates among the nation's 10 highest were Michigan, Illinois, Florida, Ohio, Tennessee, New Jersey and Utah."

I's not alphabetical so maybe they are in order of rank which would make Ohio, number 7?

Then Inman talked about California:
"More than 16,000 California properties entered some stage of foreclosure during October, the most of any state for the second straight month and an increase of more than 8 percent from the previous month. The state's foreclosure rate of one new foreclosure filing for every 759 households rose to 1.3 times the national average and was 12th highest among the states. California foreclosure activity has more than tripled from a year ago.

Does that mean we are doing a Top Ten List about foreclosures based on sheer numbers not percent of households? 

1.  California

2. Florida

Inman reported of Florida:  

With 11,413 properties entering some stage of foreclosure, Florida reported the second most foreclosure filings of any state and a foreclosure rate of one new foreclosure filing for every 640 households -- 1.6 times the national average and sixth highest among the states. Florida's foreclosure activity was down almost 12 percent from the previous month but up nearly 50 percent from October 2005.

"Texas, Michigan, Illinois, Ohio, Georgia, Colorado, New Jersey and New York rounded out the 10 states with the most new foreclosures."

If this is numbers 3 through 10 and they are listed in order... Ohio is #6.  

I guess at the end of October the state of Ohio is number 7 or number  6 in foreclosures depending on how you look at it?  I showed two buyers a number of homes in the past week... one looked at one foreclosure. I guess I showed them another preforeclosure home the previous week too.  The buyers other probably  1/3 of the properties we looke at were foreclosures or short sales.  There are some great bargains out there, if you have the skills and inclination.

Inman News is paid subscription only on the archives so NO link. 

 c. 2006 Columbus Best Blog