Very Interesting
The number of foreclosure filings-and default notices, auction sales notices, and bank repossesions- were up 19 percent in May from the previous month but up nearly 90% from May 2006. Realty Trac shows a national foreclosure rate of 1 in every 656 households were in foreclosure in the month of May and a total of 176,137 foreclosures for that months as well.
Top states
Nevada- in May, 1 out of every 166 households had a filing for foreclosure in May.
Colorado- in May 1 out of every 290 households had a filing for foreclosure in May.
California- in May 1 out of every 308 households had a filing for foreclosure in May.
I am sorry California but for the Fifth straight month California reported the most foreclosure filings of any state with 39,659 filed in May
My state Florida is Fourth highest amongst all states.
Other States with foreclosure filings totals amongst the nation's top 10 Highest in May were Texas, Michigan, Georgia, Illinois, Colorado, Arizona and Nevada.
Good Reading To All
Tom
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