Foreclosures Rise; Repossessions Set Record

Foreclosures Rise; Repossessions Set Record
US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace, according to a new report released Thursday. Overall, foreclosure fillings rose 4.18 percent in August from the previous month, and were down 5.48 percent from a year ago. In all, 338,836 properties were in the foreclosure process. One in 381 U.S. households received a foreclosure notice in August. (Foreclosure notices are defined as a default notice, auction sale notice or bank repossession.)

10 - Hawaii - One in every 315 households
9 - Illinois - One in every 314 households
8 - Michigan - One in every 255 households
7 - Georgia - 1 in every 246 households
6 - Utah - One in every 230 households
5 - Idaho - One in every 220 households
4 - California - One in every 194 households
3 - Arizona - One in every 165 households
2 - Florida - One in every 155 households
1 - Nevada - One in every 84 households