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Utah ranks 4th in foreclosure rate

Utah ranks 4th in foreclosure rate

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SALT LAKE CITY — The Beehive State continued its dubious distinction of being among the top foreclosure states in the nation, according to a new report.

The RealtyTrac Midyear 2011 Foreclosure Market Report showed Utah with the fourth highest rate of filings in the country, behind only Nevada, Arizona and California.

Highest foreclosure rates
  • Nevada (near 5%)
  • Arizona (2.82%)
  • California (1.96%)
  • Utah (1.65%)
  • Georgia (1.50%)
  • Idaho (1.49%)
  • Michigan (1.34%)
  • Florida (1.28%)
  • Colorado (1.19%)
  • Illinois (1.15%)

Utah's rate of 1.65 percent during the first six months of the year indicated that one in every 61 households in the state recorded a foreclosure filing — default notice, scheduled auction or bank repossession. However, the rate is 13.11 percent lower than at the same time last year, the data showed.

The report stated that 15,691 properties in Utah recorded a foreclosure filing during the period.

Nationally, almost 5 percent of all Nevada housing units — one in 21 — received at least one foreclosure filing in the first half of 2011, the highest foreclosure rate in the U.S. A total of 53,217 Nevada properties received a foreclosure filing, a 17 percent decrease from both the previous six months as well as from the first six months of 2010.

Arizona registered the second highest state foreclosure rate, with one in 36 households — or 2.82 percent — of the state's housing units receiving a foreclosure filing. The Golden State of California registered the nation’s third highest state foreclosure rate at 1.96 percent of its housing units or one in 51 households receiving a filing during the six-month period.

The following interactive map shows details of foreclosures in Utah by county.

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