In July 2009, Arizona ranked as the third highest foreclosure state in the Nation. However following a 10% month-to-month decline, Arizona fell to fourth place according to RealtyTrac.com, in its August 2009 Foreclosure Report.
#1 Nevada holds the dubious distinction of having the highest foreclosure rate in the Nation with one in 62 housing units receiving a foreclosure filing in August 2009 for a total of 17,902 properties (6.7 times the National average)
#2 Florida ~ one in every 140 housing units receiving a foreclosure filing (62,401 properties in August).
#3 California ~ one in every 144 housing units receiving a foreclosure filing (92,326 properties in August) despite continuous declines in foreclosure filings.
#4 Arizona ~ one in every 150 housing units receiving a foreclosure filing (which is still more than twice the national average).
The 6 states rounding out the top ten based on number of foreclosure filings per housing unit are:
Michigan; Idaho; Utah; Colorado; Georgia; and Illinois