Foreclosure wave falls flat in some states
Vermont, Nebraska steer clear of widespread defaults
By Erik Pisor, Tuesday, April 7, 2009.While the number of nationwide foreclosure filings increased nearly 30 percent from February 2008 to February 2009 -- and states such as Nevada, Arizona, California and Florida continue to post the highest foreclosure rates -- often overlooked are those states that have consistently posted the nation’s lowest foreclosure rates.
With one foreclosure filing for every 60,062 households, Nebraska had the lowest foreclosure rate in the nation in February, followed by Vermont, which posted one foreclosure filing for every 28,312 households, according to RealtyTrac, a foreclosure data company.
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