Can you imagine my surprise when I read that headline?
The Virginia Association of Realtors® newsletter recently referred to a report published by RealtyTrac regarding the foreclosure rate in Virginia. Naturally, I had some interest in the subject. I went to their website and learned quite a bit about our state and others.
The state with the lowest rate was Vermont; one foreclosure for every 147,191 households. Unfortunately, Colorado ranked highest with one per 480 households. Mind you these figures are for July 2006.
Interestingly, six states account for 54% of the nation's foreclosures. Those are Texas, Florida, California, Michigan, Ohio, and Illinois.
This is certainly a place where you do not want to lay claim to being Number 1.
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