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Do You Live In One of the 10 States With the Highest Foreclosure Rates in the US?

The U.S. home foreclosure rate is in decline as the U.S. economy continues to recover from the 2008 recession, and other indicators of the state of credit show that overall, consumers are doing pretty well in the credit spectrum.

But that’s not the case in some states. Overall, U.S. residential home foreclosures fell 27% in 2017, down to 676,525—the lowest figures since 2005, according to Attom Data Solutions.

The overall mortgage debt increased 3% from 2016, and is up close to 10% from 2007. However, mortgage delinquency rates have not followed that trend.

On average, one in every 1,776 U.S homes (and 575,560 overall), is currently in foreclosure according to RealtyTrac. Yet some states, like South Dakota, North Dakota and Vermont, have much lower home foreclosure ratios (in South Dakota, for example, only one in every 11,082 homes were in foreclosure in 2017) than the states on the “most foreclosures” list.

On the higher home foreclosure front, it’s primarily coastal states, and not America’s bread basket, that are experiencing higher foreclosure rates. Here’s a closer look at the 10 U.S.

Read Full Article [Source: www.experian.com]

The post Do You Live In One of the 10 States With the Highest Foreclosure Rates in the US? appeared first on B2B Labs.

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Known for wearing plaid and sweater vests before they were popular, Ben Bradley is managing director of Macon Raine, Inc. (www.maconraine.com) - a management consulting, marketing and demand generation firm for technology organizations. He is a graduate of the University of Iowa and was a member of the undergraduate Iowa Writer’s Workshop. His interests include the intersection of technology and marketing. Because he was never very good at sports and doesn’t have many hobbies, his primary interests include the role of marketing on internal technology adoption, micro-finance, military uses of technology and media, self-organizing networks, network and physical security, collaboration and groupware. He frequently lectures his children on a variety of topics. Bradley was raised in Wheaton, Illinois and currently resides in Glen Ellyn, Illinois with his wife, two children and a purebred Latvian Goathound named Stella.