The fourth quarter 2007 National Delinquency Survey results were released earlier this month and Idaho is ranked in the top 10 states with the lowest foreclosure rates in the nation. The National Delinquency Survey covers approximately 85 percent of more than 50 million loans in the United States housing.

The results show Idaho as having 268,029 residential mortgage loans being service, 3.86 percent of which are past due. 2.41 percent of the past due mortgages were at least 30 days late and .74 percent were at least 60 days late.

The report also sated at the end of 2007 less than 1 percent of Idaho home mortgages were in foreclosure, this is approximately 2,412 loans. With the continued real estate market slump, is estimated that the first quarter of 2008 will reveal higher numbers then the fourth quarter 2007 numbers.

The top 8 states with the lowest foreclosure rates in the fourth quarter of 2007 were;

• Washington
• Oregon
• Alaska
• Wyoming
• Utah
• Montana
• Idaho

So the good news is Idaho is among the top 10 states with the lowest foreclosure rate in the nation.

If you are behind on your payments and the possibility of foreclosure is looming, contact your local real estate investor. Local real estate investors are still purchasing properties in some of the hardest hit areas of the nation. They know your local market and can show you many avenues to sell your house, lease options, short sales, owner finance, and cash offers are all possible solutions to your selling need.

This data was collected from the Nation Delinquency Survey report.