Posted On: April 20, 2011

What State is Leading the Nation in Home Foreclosures?

Nevada continues to be the leading state in home foreclosures. Nevada reached a record high in 2008 and has continued this trend for the last 3 years. On the other hand Ohio has the lowest home foreclosure rate. The difference between Nevada and Ohio are many, but why does one state continue to rise in foreclosure's while the other drops? This is a question many home owners have asked, and the answer is not all that simple. Perhaps it is the living conditions between the states. Or even more likely, that the cost of living is greatly increased when purchasing a home in Nevada as opposed to buying your home in Ohio. What ever the reason new home owners and buyers in the market should probably avoid purchasing a home in Nevada until this serious issue is under control. If you're thinking of buying a home in Nevada and want to avoid home foreclosure, research to find a bank that has lower rates and a least amount of foreclosures.

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