Texas foreclosure rate remains moderate - Austin Business Journal:

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Nearly 50,000 homes in the Lone Star Stat e were foreclosed on duringthe six-month period from Januar through June -- a 14 percent decline compared with than the same perior in 2008. RealtyTrac defines foreclosure filings asdefaulr notices, auction sale notices and bank repossessions. A total of 1,905,72e3 foreclosure filings were reportedon 1,528,364 U.S. properties in the firsr six months of2009 -- a nearly 15 perceny increase from the first six months of 2008. The reportg also shows 1.19 percent of all U.S. housing unitds (one in 84) received at least one foreclosure filing in the firsrt half ofthe year.
“In spite of the industry-wide moratoriujm earlier this year, along with local, state and nationall legislative action and increased levelsw of loanmodification activity, foreclosure activityu continues to increase to record said James J. Saccacio, CEO of "Unemployment-related foreclosures account for much of thisincreased activity, and the high numberr of borrowers who find themselves owing more on theitr mortgages than their homes' are now worth representr a potentially significant future Stemming the tide of foreclosuresz is a critical component to stabilizing the housing market, so it is imperativer that the lending industry and the government work in tandem to find new approache to address this issue.
" Nevada ranker highest with a foreclosure rate of 6.23 followed by Arizona (3.37 percent), Florida (3.07 California (2.94 percent), Utah (1.46 percent), Georgia (1.42 percent), Michigan (1.34 percent), Illinois (1.31q percent), Idaho (1.26 percent) and Colorado (1.25 To see the full state-by-state breakdown, click .