IRVINE, CA-As GlobeSt.com reported earlier today, foreclosure filings increased 2% nationally in February from the previous month, reaching a 17-month high in Nevada and an even longer time period in other states, according to a report by RealtyTrac, a locally based online marketplace for foreclosure properties and real estate data. The firm has also released an interactive heat map that shows exactly where in the country foreclosure flare-ups are occurring.
Florida, Nevada and Illinois posted the highest state foreclosure rates in the country. Scroll over the map to see where the hot spots are. *Map courtesy of RealtyTrac.
Although California foreclosure starts rebounded 47% in February from an 88-month low in January, overall foreclosure activity in the state was down from a year ago for the 15th straight month, dropping the foreclosure rate down to #13 nationwide. As GlobeSt.com previously reported, February was the first month since December 2006 where the California foreclosure rate was not ranked among the top 10 state foreclosure rates nationwide.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
