4 states make up 50% of foreclosure filings in US
Written on Jan 29, 2009 by Jeff McCann
Can you guess the top 4 states in the country that make up the highest percent of foreclosures? California, Nevada, Florida and Arizona.
According to RealtyTrac Inc., those four states have been cranking up foreclosure filings in droves since mid-2007. Shocking that 4 states can take claim to having 50% of all foreclosures in the country. If you read my blog on foreclosures (Deal or No Deal), you’ll quickly find out that if you are looking for a smoking deal, these four states will give you the most opportunity to truly find a gem of an investment. Not to say there aren’t any in the Puget Sound, but the more inventory of bank owned properties in the market, to greater the opportunity as these institutions must sell the inventory and will lower their price until it is off their hands. Feel like taking a short vacation to some sunny states, try these four and see if the area you visit have some deals too good to pass up.
