The national foreclosure rate reached a 19-month high in May, according to real estate information company RealtyTrac. As reported in USA Today, the rise is largely the result of a bottleneck of older foreclosures finally being pushed through the process.
The state with the highest foreclosure rate? Florida, where one of every 409 housing units is in foreclosure.
South Carolina comes in at the bottom of the top ten, with 1 in every 987 housing units in foreclosure.
What are the other eight states with the highest foreclosure rates? Is yours one of them? Head over to USA Today for the full story.
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