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Michigan's Foreclosure Rate drops 55%

8 States With Biggest Foreclosures Drops

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The number of home owners entering the foreclosure process dropped below pre-recession levels in August, according to RealtyTrac. In some states, the declines were even more pronounced. Financial site 24/7 Wall St. reviewed the states with at least 500 foreclosure starts as of August 2013 to identify which had the largest declines in the last year:

  1. Illinois
    Change in foreclosure starts: -66.2%
  2. Arizona
    Change in foreclosure starts: -64.9%
  3. Washington
    Change in foreclosure starts: -64.9%
  4. Florida
    Change in foreclosure starts: -64.6%
  5. California
    Change in foreclosure starts: -57.5%
  6. North Carolina
    Change in foreclosure starts: -56.0%
  7. Michigan
    Change in foreclosure starts: -55.0%
  8. Tennessee
    Change in foreclosure starts: -51.0%

Source: “States with the Biggest Drops in Foreclosures,” USA Today (Sept. 14, 2013)

 

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