Which states account for most of the foreclosure activity?
Six states account for more than half of foreclosure activity
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PrintSix states accounted for most of the foreclosure activitiy in the country in February. These six states totaled 61% of all foreclosure activity, according to a foreclosure tracking report.
The six states are California, Florida, Michigan, Illinois, Arizona and Texas, according to RealtyTrac.
California led the way, with 68,562 properties receiving a foreclosure filing during the month — down nearly 5 percent from the previous month and down 15 percent from February 2009.
Foreclosure activity in Florida increased nearly 15 percent from the previous month and was up more than 16 percent from February 2009. The state continued to post the nation’s second highest total, with 54,032 properties received a foreclosure filing during the month.
Increasing foreclosure activity boosted Michigan’s total to third highest among the states. A total of 20,028 Michigan properties received a foreclosure filing during the month — up nearly 14 percent from the previous month and up 59 percent from February 2009.
With 17,312 properties receiving a foreclosure filing, Illinois posted the fourth highest total, followed by Arizona, with 16,718 properties receiving a foreclosure filing, and Texas, with 12,638 properties receiving a foreclosure filing in February.
