CNN is reporting that foreclosures spiked in the month of August. ” In August, 115,292 properties entered into foreclosure, according to RealtyTrac, an online marketplace for foreclosure sales. That was 24 percent above the level in July and 53 percent higher than a year earlier.”

Florida led all states with 16,533 properties in some stage of foreclosure, 50% higher then July’s number. In California, that number reached 12,506, a 160% increase over last year.

According to the Nashville Business Journal , Tennessee had 2,377 foreclosures in August, a 60% increase from last year (1 in 1,032 homes).

The Cincinnati Business Courier listed Ohio with 7,468 properties (1 in 640 households), a 36.1% increase from July.

For the fifth straight month, Colorado led all states with 1 foreclosure for every 301 homes.

Nationally, August saw a 24% increase in foreclosures from July and a 53% increase from last year. The list named Greely, Colorado; Baton Rouge, Louisiana; Fort Lauderdale, Florida; Miami and Denver as the top five metro areas in terms of foreclosures.

Amazingly, Vermont with only 2 foreclosures in the entire state, leads the country with the least number of foreclosures.

Welcome to Our Blog!
Welcome to the Real Estate Dispatch from BiggerPockets.com. Our blog brings together experts in various fields of real estate with the goal of keeping our readers informed and up to speed. Whether you're a real estate professional (lender, Realtor, banker, etc), investor (landlord, flipper, wholesaler, etc.), or simply a consumer, renter or homeowner interested in the world of real estate, this blog is the place for you to get involved!

You can subscribe to our RSS feed, get blog updates by email, join our free mailing list, or best of all, join our social network along with 25,000 others interested in real estate education, dealmaking, networking, and marketing.

Tags: batonrouge, colorado, default, foreclosure, Foreclosures, greeley, housing, James, properties, realtytrac, Saccacio, vermont