Top 10 Worst Foreclosure States For May, 2008

The big 4 lead the way again. Nevada, California, Arizona, and Florida both have foreclosure rates above the rest of the country for May, 2008.

The rates are significantly worse than April with Nevada being up 23 percent. Colorado foreclosures were down 10 percent signaling a slowdown but for the most part the states saw rapid increases in the rate of foreclosure activity.

Top 10 Worst Foreclosure States For May, 2008

Rank State Per 1000 April Change1 Nevada 118 23.82
2 California 183 11.2
3 Arizona 201 11.52
4 Florida 228 5.96
5 Michigan 353 24.57
6 Georgia 378 11.45
7 Colorado 388 -10.05
8 Mass. 406 32.83*
9 Ohio 410 5.27
10 New Jersey 467 44.47*