ForeclosureS.com: 11 States Had 100%+ REO Hike

Eleven states had registered triple-digit increases in real estate owned filings (representing homes taken back by their lenders) on a year-over-year basis as of August, with California far in the lead, according to ForeclosureS.com, a Fair Oaks, Calif.-based investment advisory firm.As of August, California had recorded an increase of 471% in REO filings over the levels of the comparable period in 2006, the company reported. The rest of the top five states with triple-digit increases, according to ForeclosureS.com, were as follows: Arizona, up 217%; Nevada, up 192%; New Mexico, up 157%; and Florida, up 141%. The company also reported that the five states with the most people (on a per capita basis) losing their homes this year were: Michigan, with 11.1 foreclosures per 1,000 population; Nevada, 11.0 per 1,000; Georgia, 9.9 per 1,000; Colorado, 9.8 per 1,000; and Indiana, 8.8 per 1,000. The company can be found online at http://www.foreclosures.com.