Foreclosures Soar 81%

States where property prices spiked during boom now seeing highest foreclosure rates
By Rob Quinn,  Newser Staff
Posted Jan 15, 2009 6:05 AM CST
Nearly 3.2 million foreclosure filings on 2.3 million properties were made last year.   (Shutter Stock)
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(Newser) – Foreclosures rocketed 81% in the US during 2008, affecting one of every 54 households in the nation, reports Reuters. A total of 3.2 million foreclosures were filed, according to research firm Realtytrac. The hardest-hit states were Nevada, Florida, Arizona, and California, the same states where property prices surged the highest during the property boom.