In a recent article on Bloomberg.com, Dan Levy reported that the number of foreclosure fillings in the US hit a record with 1.5 million. Nevada was specifically mentioned in the article with a staggering amount of foreclosure fillings:

July 16 (Bloomberg) -- U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc. More than 1.5 million properties received a default or auction notice or were seized by banks in the six months through June, the Irvine, California-based seller of default data said today in a statement. Thats a 15 percent increase from the year earlier. One in 84 U.S. households received a filing. "People are losing their jobs, seeing their income go down and are underwater on their mortgage," Richard Green, director of the Lusk Center for Real Estate at the University of Southern California in Los Angeles, said in an interview. "Its a toxic combination."

......Nevada had the highest foreclosure rate in the first half, with one in every 16 households receiving a filing, RealtyTrac said. A total of 68,708 properties were affected, 61 percent more than in the first half of 2008.

Top 10 States

Arizona had the second highest rate, one in 30 households;

Florida was third at one in 33;

California ranked fourth at one in 34.

Other states in the top 10 included Utah, Georgia, Michigan, Illinois, Idaho and Colorado. California led in total filings with 391,611, an increase of 15 percent from a year earlier; followed by Florida at 268,064 for a 42 percent increase, RealtyTrac said.

Arizona was third with 89,799 filings, up 55 percent, and Illinois was fourth with 68,932, up 29 percent. Other states in the top 10 for their sheer number of foreclosures and defaults were Nevada, Michigan, Ohio, Georgia, Texas and Virginia. New Jersey had the 21st highest rate, one in 146 households, and 23,889 filings. Thats a 30 percent decrease from a year earlier. Connecticut had the 27th highest rate, one in 163 households, and had 8,801 filings, a 32 percent decrease. New York ranked 38th. One in 328 households received a filing, which fell 19 percent to 24,210, said RealtyTrac, which collects data from more than 2,200 counties representing 90 percent of the U.S. population.

The full article

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