By Lauren Ratcliffe
Published Sept. 13, 2012
While 20 states saw foreclosure activity rise last month from 2011, national activity declined 15% and foreclosures in South Carolina also decreased.
Darren Bloomquist, vice president of RealtyTrac, said deferred foreclosure activity “boiled over” in many states leading to decreases in overall activity. Some states did see increases, however, and those increases led to a change in the states with the highest rates of foreclosure.
“The increases in Florida and Illinois pushed foreclosure rates in those states to the two highest in the country — supplanting the non-judicial states of Arizona, California, Georgia and Nevada,” Bloomquist said. “Previous to August, the nation’s top two state foreclosure rates have been from those four non-judicial states every month since December 2010.”
August foreclosure activity
Number of Foreclosures
Rate of Foreclosure
1 in 677