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These 12 States Have A Serious Problem With Foreclosures

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Foreclosure filings on U.S. homes were up 3 percent in October from a month ago, but down 19 percent from a year ago, according to RealtyTrac's latest foreclosure report.

One in every 706 homes received a foreclosure filing in October.

“We continued to see vastly different foreclosure trends across the country in October, depending primarily on how each state’s foreclosing infrastructure was able to handle the high volume of delinquent loans during the worst of the foreclosure crisis in 2010,” said Daren Blomquist vice president of RealtyTrac in a press release.

We highlighted the 12 states that were still being crushed by foreclosures in October. The three states with the biggest increases, namely New Jersey, New York and Connecticut didn't make our list which is ranked by foreclosure rates.

Note: Rankings are based on the foreclosure rate, not total foreclosure filings. Foreclosure rate is defined as a foreclosure filing for 1 in every x homes.

Indiana

1 in every 724 homes received a foreclosure filing in October 2012

Foreclosure properties:
3,860

Worst county:
Morgan

October foreclosure filings were up 8.03 percent from a year ago




Iowa

1 in every 643 homes received a foreclosure filing in October 2012

Foreclosure properties:
2,077

Worst county:
Pottawattamie

October foreclosure filings were down 15.07 percent from a year ago




Michigan

1 in every 607 homes received a foreclosure filing in October 2012

Foreclosure properties:
7,461

Worst county:
Wayne

October foreclosure filings were down 53.68 percent from a year ago

Source: RealtyTrac



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