Foreclosures Hit All-Time High

Foreclosures Hit All-Time High

Courtesy of Vincent Fernando at Clusterstock

Foreclosures hit another all-time high in Q3 with almost 938,000 homeowners filing, according to Realty Trac.

This rose at a substantial 5% clip since Q2.

If you’re aren’t feeling the pain perhaps you don’t living in one of the six states which accounted for 62% of nationwide foreclosures alone:

• California – down 1.5%
• Florida – -0.7%
• Arizona – +5%
• Nevada – +9.8%
• Illinois – +13.7%
• Michigan – +9.5%

Basically, the pace of activity in the old sand states is finally winding down, but the crisis is spreading to the Midwest, and it’s happenign fast.

Read the official release here.