RealtyTrac recently reported that many states foreclosures rates are continuing to fall with some reaching 5 year lows.
The following states with a “non-judicial” process (where
foreclosures don’t have to be approved by courts ) reported the largest
annual decreases in foreclosure activity in the third quarter:
1. Nevada: 71 percent decrease
2. Oregon: 63 percent
3. Utah: 60 percent
4. Virginia: 34 percent
5. California: 29 percent
6. Michigan: 28 percent
7. Arizona: 23 percent
8. Colorado: 21 percent
9. Georgia: 20 percent