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Nevada Relinquishes “Top Foreclosure State” Title

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis -- a span of nearly 5 years.
The generic term "foreclosure filing" is used to group all types of foreclosure activity into a single reading. It includes default notices, scheduled auctions, and bank repossessions. 
As in most months, foreclosure density varied by region. 6 states accounted for more than half of the nation's repossessed homes in March.
Florida : 13.6 percent of all bank repossessions California : 12.0 percent of all bank repossessions Georgia : 8.0 percent of all bank repossessions Michigan : 7.5 percent of all bank repossessions Arizona : 6.5 percent of all bank repossessions Illinois : 6.4 percent of all bank repossessions At the other end of the spectrum, North Dakota and Washington, D.C. were home to the fewest bank repossessions, with 0.03% and 0.02% of the national total, respectively.
Also noteworthy is that the RealtyTrac report revealed that Nevada relinquished its title as Top Foreclosure State after 62 consecutive top-ranking months. In March, 1 in every 301 Nevada homes ... more

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