RealtyTrac, the leader in foreclosure information, has released its foreclosure report for June 2009. Foreclosure filings and REOs are up 31% in one month and are up 7.3% over last year. In June, Tennessee had 2,782 foreclosure filings and 1,893 REO making it the fifteenth highest state in the Nation. One out of every 583 homes in Tennessee was in some state of foreclosure in June 2009.
Nationally, foreclsoures are also up 4.57% in one month and 33.21% in one year. 1 out of every 380 homes was in some state of foreclosure in June 2009. The top ten states for foreclosures by rate of foreclosures are Nevada, Arizona, Florida, California, Utah, Georgia, Michigan, Illinois, Idaho, and Colorado