Realtor Magazine has released the list of the Top 10 Foreclosure States during 2011, and although there are only a couple of surprises, perhaps the most interesting take on the list was from the blog SeattlePi.

I’m quoting here.  “Nationwide, the numbers are actually encouraging.  U.S. foreclosure filings dropped from 2.23 percent in 2010 to 1.4 percent in 2011.

I’m not really sure I’d call that news ‘encouraging’.  1.4 percent of the American public is over four million people.  That’s a lot of people looking for places to rent.

For those who have already been educated in the proper methods of US real estate acquisition the path continues.  Buy, rent and hold.  That’s what we’re doing.  Our students have already purchased over 3,000 properties in the United States.  And we’re just getting started.  If you’re interested in learning how, just check out the free videos online.

And where are most of these foreclosures.  I’m glad you asked.  Here’s the list:

1. Nevada: 6 percent (1 in 16 housing units received at least one foreclosure filing in 2011)

2. Arizona: 4.14 percent (or 1 in 24)

3. California: 3.19 percent (or 1 in 31)

4. Georgia: 2.71 percent (or 1 in 37)

5. Utah: 2.32 percent (or 1 in 43)

6. Michigan: 2.21 percent

7. Florida: 2.06 percent

8. Illinois: 1.95 percent

9. Colorado: 1.78 percent

10. Idaho: 1.77 percent

 


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Steve Martel

Steve Martel is a serial entrepreneur with over six multi-million dollar revenue-generating companies, with two worth over $10,000,000.00 each. Steve is a real estate wealth expert, a strategic business advisor, consultant, coach, and philanthropist. He directly influences more than 100,000 entrepreneurs annually and has helped the acquisition of over $350,000,000 of real estate in the past 3 years alone. 

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