Texas, Ohio Lead U.S. in Foreclosures

Texas, Ohio, Michigan, Georgia, and Indiana led the nation in March in residential foreclosures, and recorded some of the fastest monthly growth in foreclosures as well, according to Foreclosure.com, an online listing service based in Boca Raton, Fla.Total residential foreclosures rose 38% in Texas, which led the nation in foreclosed homes with 98,020, while the totals in the other four states grew by roughly one-third in March, the company reported. "Markets that benefited disproportionately from the housing boom over the last five years are most susceptible to foreclosures," said Brad Geisen, president and chief executive officer of Foreclosure.com. But he noted that "even areas where home prices didn't appreciate as quickly are now seeing increased foreclosures." The company can be found online at http://www.foreclosure.com.