Recently Released Figures Name Metro Areas with Highest Foreclosure Sales
The problem facing distressed homeowners is not just regional however. In fact, the state of Nevada leads the nation in highest percentage of short sales this past December (15.3 percent), while Florida was a close second with 14.4 percent. This was followed by Illinois (9.0 percent), Maryland (8.2 percent), New Jersey (7.9 percent), and Michigan (7.2 percent). Among major metropolitan areas where third party foreclosure auction sales made-up at least 2.5 percent of housing sales overall were Orlando (3.9 percent),...
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