10 States With the Highest Foreclosure Rates

For the fifth consecutive year, Nevada continues to have the highest foreclosure rate in the country, despite a 31 percent drop in the state’s foreclosure activity from 2010 to 2011, RealtyTrac reports. 

Several states continue to see a large amount of foreclosures, which are putting downward pressure on overall home prices. 

The states with the highest foreclosure rates for 2011 are: 

1. Nevada: 6 percent (1 in 16 housing units received at least one foreclosure filing in 2011) 

2. Arizona: 4.14 percent (or 1 in 24)

3. California: 3.19 percent (or 1 in 31)

4. Georgia: 2.71 percent (or 1 in 37)

5. Utah: 2.32 percent (or 1 in 43)

6. Michigan: 2.21 percent

7. Florida: 2.06 percent

8. Illinois: 1.95 percent

9. Colorado: 1.78 percent

10. Idaho: 1.77 percent

Nationwide, 1 in 69 housing units or 1.45 percent of home owners received at least one foreclosure filing during 2011, which is down from 2.23 percent in 2010, RealtyTrac reports. 

Source: RealtyTrac