http://biz.yahoo.com/ap/061208/foreclosures.html?.v=1
AP
Texas, Michigan Lead in Foreclosures
Friday December 8, 3:57 pm ET
Texas and Michigan Led the Nation in New Foreclosures in November
NEW YORK (AP) -- Texas led the nation in the number of new foreclosures in November, followed by Michigan, according to Foreclosure.com.
In Texas, 3,031 units were foreclosed and put up for sale in November. A total of 9,648 foreclosed units are on the market in the state, the second-highest number in the nation. In Michigan, 2,430 units were foreclosed and put up for sale in November. A total of 10,641 foreclosed units are on the market in Michigan, the most of any state, according to Foreclosure.com.
Nationally, foreclosures are up because of rising interest rates, but in Michigan, foreclosures have increased as the economy has faltered and workers have lost their jobs, said Brad R. Geisen, co-founder of Foreclosurefreesearch, Inc., parent company of Forclosure.com.
Ohio, Georgia, Indiana and Colorado all had more than 1,000 homes go into foreclosure in November, according to the Web site. Ohio's number of foreclosed homes for sale, 9,234, is the nation's third largest.