Foreclosures were up 35% year-over-year in the U.S. in December, and here are the top five states for foreclosures:
- Colorado (1 in 376 households)
- Nevada (1 in 392)
- Georgia (1 in 480)
- Massachusetts (1 in 541)
- Texas (1 in 567)
At the other end of the list were Vermont, Maine, New Hampshire, and North Dakota.
[Realtrac via Marketwatch]
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Is there any correlation with ARM or interest -only mortgage popularity in those states?