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Some Quick Foreclosure Statistics

April 30, 2008 by Marco Santarelli

Here are some quick foreclosure stats I came across recently:

  • Every three months, 250,000 new families go into foreclosure.
  • Foreclosure filings were reported on 234,685 properties nationwide during March, a 57% increase from March 2007.
  • One in every 538 U.S. households received a foreclosure filing during March.
  • One out of every 200 homes will be foreclosed upon. For a city like Washington, that translates to 3,000 Washingtonians losing their homes to foreclosure each year.
  • One child in every classroom in America is at risk of losing his/her home because their parents are unable to pay their mortgage.
  • More than 6 in 10 homeowners delinquent in their mortgage payments are not aware of services that mortgage lenders can offer to individuals having trouble with their mortgage.
  • Foreclosure filings were reported on 64,711 California properties in March, the most of any state for the 15th consecutive month.
  • California foreclosure activity increased nearly 21 percent from the previous month and almost 106 percent from March 2007.
  • One in every 204 California households received a foreclosure filing in March – 2.6 times the national average.
  • According to Realtytrac.com, a source for foreclosure listings:
    • There are currently 2,934,626 US foreclosure listings.
    • The top 5 foreclosure States are:
      • California leading with 303,777 listings.
      • Florida – 191,706 foreclosure listings.
      • Ohio – 105,880 foreclosure listings.
      • Texas – 79,683 foreclosure listings.
      • Georgia – 52,210 foreclosure listings.

Filed Under: Foreclosures

About Marco Santarelli

Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property.  His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate.  He’s also the host of the top-rated podcast – Passive Real Estate Investing.

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