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The fifth-most populous state saw 1,266 homes out of 5,753,908 total housing units go into foreclosure, making the state’s foreclosure rate one in every 4,545 households.
The states with the highest foreclosure rates were Maryland at one in 2,214; Illinois at one in 2,517; Nevada at one in 2,546; South Carolina at one in 2,573; and Florida at one in 2,854.
As of February, there were nearly 33,000 properties in foreclosure, an 8% increase from the year prior, according to a new report from ATTOM. Find Out: 7 Florida... Housing Market 2024: 5 States ...
Foreclosures on U.S. housing units continue to decline, falling to a nearly 10-year low in January, according to real estate data company RealtyTrac.
Foreclosure by power of sale, also called nonjudicial foreclosure, and is authorized by many states if a power of sale clause is included in the mortgage or if a deed of trust with such a clause was used, instead of an actual mortgage. In some US states, like California and Texas, nearly all so-called mortgages are actually deeds of trust. This ...
Year-end: A total of 1,887,777 properties received foreclosure notices during the year, down 34 percent from last year. 1.45 percent of all households were in some stage of foreclosure during 2011, compared to 2.23 percent in 2010. . [104]