On a 2009 Realty Trac list of highest foreclosure rate by state, Texas ranked 29.
Nevada headed the list, followed by Arizona, Florida, and California.
Altough not a front runner, Texas’s rate “is still up from previous years…18% from 2007,” says Nancy Sarnoff of the Prime Property Blog at the Houston Chronicle.
Although legislative delays may have lowered the yearly rates, “nationwide, properties in some stage of foreclosure rose 21% from last year and 120% from 2007.”
Click here to read the full article. Sarnoff also includes a map shaded to show you areas with the highest and lowest foreclosure rates in Texas.
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