57,000 and that is 2nd? That is an amazing number and no wonder they are having problems with everything from sales to rentals in California. How many more does Nevada have if they are in the number 1 position?

Hi Todd,

57K was the number of foreclosure filings in the state (the most ever for any state). The 1st place ranking deals with the highest percentage of  actual foreclosures vs filings. Filings may not result in actual foreclosures. These could be resolved by catching the mortgages up, short sales, forbearances, etc... Hope this clears that up a bit?

#2 here, Califorina.  The local paper reads that 31% of local listings are forclosures or short sales.  The funny thing is there really doesn't seem to be that many places on the market in Fullerton, CA (compared to last year).  The good ones that are priced right seem to move so I am really not sure!

Thanks Cristal for the insight. I'm sure there are areas in every state that are not as effected as others.

Philadelphia is in the 'middle', but sales are happening. As long as your credit is okay.

And sellers are good. As long as the house is priced right.

Probably what a lot of the country is going through. 

Thanks for your insight Tara

Florida has managed to stay in the top 5 for the last several quarters - I work almost exclusively in short sales & foreclosures using a direct mail campaign for lead generation.  My mailing costs have nearly doubled - that speaks volumes to me.

I just did some research in our MLS for actives.  13754 residential properties are for sale in the greater Sacramento region, 6027 are either a short sale, REO, or foreclosure pending....roughly 44% of the market!  Crazy!

yes your absolutely right Wendy, Our company does a lot of business in Florida! It's a nightmare in that state.

Crazy numbers indeed Jason. California has a serious problem on their hands