Today I'm going to tell you which states have the most homes in foreclosure in September of 2022.
I think by now most of us that have a passing interest in real estate personal finance and
the News know that the real estate market is on Shaky Ground right now the economy is weird
inflation is twisted and people have actually started to say crazy things like I think I'd
rather move to Arkansas than California I think that's like a sign of the Apocalypse relocating
to Little Rock it's right between war and famine when states or cities start seeing to jump in
foreclosures you know times are about to get rough in that place I'm going to show you where they
are now as far as their foreclosures and where they were in 2019 before everything went down
the drain got it get it good let's take a look number 10 California our old friend California
starts off our list with a lot of foreclosures the counties with the most foreclosures right
now are Lake County Trinity Kern Merced and Yuba I'm not surprised about Kern or Yuba in 2019 one
out of every 5 300 homes was in foreclosure in September of 2022 it's one in every 394.
number nine Nevada yep the Silver State makes number nine and surprisingly Nevada is the last
one on this list west of the Mississippi River I honestly thought Oregon and maybe even Washington
would be on this list no strange but anyway moving on Nevada's got a lot of problems going
on with their real estate and the vast majority of what's happening there and with the foreclosures
is happening in Clark County where Las Vegas is Elko and Humboldt also have some but they don't
have that many people out there and that many houses so it's nothing compared to what's going on
in Clark County with Vegas this one I'm a little surprised about because Las Vegas to me growing
up and everything that's where everyone moved to everyone was buying houses they were building and
it just I don't know I never really thought of it it was a place to have a lot of foreclosures
but here they are in 2019 one out of every 4 700 homes in Nevada were in foreclosure in September
of 2022 it's one in every 3 380. that's a jump not as much as some of the other ones on this
list but it's a bit bit of a jump number eight Maryland so this one surprised me again I really
thought Baltimore was gonna show up on this one but no the counties with the most foreclosures
right now are Charles St Mary's and Cecil Prince George's County is pretty high too but not as bad
as those other ones the state's foreclosure rate in 2019 Was Won in every 4 400 thereabouts varied
month to month like I said and in September of 2022 it was one in 3326. pretty high rate
number seven Indiana Indiana's starting to grow on me I did those videos for makemimove.com and I've
done a lot of research on Indiana since then they have some places like South Bend and Indianapolis
has some crime there's a few other places Gary but there are a lot of really nice rural towns
in Indiana that you should probably call home if you're looking like I was just saying in the
states with the most pride Indiana they're not really proud of the state as much as they're
proud of each other strange at least strange for someone that was born and raised in California
with a bunch of superficial people oh we are the most foreclosures going on in Indiana right now
are Blackford St Joseph County and Wayne County in 2019 the Foreclosure rate in Indiana was one
in every 4 700 homes in September of 2022 it jumped to one in every 3120. that's pretty high
right there too it's getting worse here number six Ohio this one doesn't surprise me at all I
mean Ohio's had financial problems since forever not just the state the people the companies I
always hope things will get better for Ohio I mean there's a lot of good people living there
and they've got a lot of history it's just they get dealt bad hands all the time sort of like
West Virginia does the counties with the most foreclosures in Ohio or Cuyahoga Pickaway and
Fairfield their foreclosure rate in 2019 was one in every 3 300 homes in September of 2022 it was
one in every 2955. like I said not much of a jump but it's not good number five Florida you know I
don't think I expected this one to be on the list I mean it's a very popular state their real estate
is somewhat affordable compared to other states that are popular I wonder if their popularity is
going to take another hit after this hurricane they just had hurricane Ian that one wrecked
some places and I feel bad for those people but every time they have a major hurricane or any
state that has a major disaster its popularity kind of drops a little bit and hurricane Ian was
pretty bad Florida counties that are hardest hit by foreclosures are Calhoun Gadson and Hamilton
in 2019 one in every 4 900 Florida homes was in foreclosure and in September of 2022 that jumped
to one in every two thousand nine hundred and fifty number four New Jersey the Garden
State how'd they show up here their taxes are so high probably just people going into foreclosure
because of back taxes as I imagine in case you don't know New Jersey is the most taxed state
in the United States and they're like well above number two the counties with the most foreclosures
in New Jersey are Cumberland Sussex and Camden in 2019 their foreclosure rate was one in 3 600
homes in September of 2022 it was one in 2441. number three South Carolina South Carolina now
this one doesn't surprise me in my opinion there's two completely different South Carolina's there's
the Low Country which has Charleston Hilton Head Bluffton and that whole area then you
have the rest of South Carolina and that's where a vast majority of the foreclosures in
the Palmetto State are happening those counties would be Kershaw Barnwell and Richland in 2019
the Foreclosure rate in South Carolina was one in every 4 100. that was the lowest year ever
in like the history of tracking foreclosures in September of 2022 it was one in every 2417.
number two Delaware the first state is number two on this list and it's also the sixth least
populated state in the country last year Delaware was the number one spot for foreclosures Delaware
has definitely seen some better times not a lot of people know much about Delaware I mean
their biggest city is Wilmington and people never talk about it only people from Wilmington really
know anything about Wilmington I put a video up of Wilmington North Carolina on one of my videos just
to see if anyone would notice like three people noticed it was just up there briefly but still I
just want to see if anyone say anything it's like two days after the video went up three people said
something right now majority of the foreclosures in Delaware are happening in Newcastle Kent and
Sussex in 2019 their foreclosure rate was one in every 3200 and in September of 2022 it jumped up
to one in every 2287. not much of a jump but yeah it's bad not as bad as number one on this
list all right before we get to number one don't forget we have another Channel called on this
this day there's a link down below go over there and watch some videos alright on to number one
and number one Illinois yes everyone's favorite punching bag Illinois Illinois is a great state
it has some rough parts of Chicago that that's the only thing that really makes the news so of
course everyone thinks the entire state is just horrible it's not and half of Chicago
I'd say more than half Chicago about 75 percent of Chicago's wonderful place to live it's just
their 25 percent bad areas those people work overtime to make it bad if crime was a game
every year South Side Chicago would be like the MVP of the league I guess that's what happens
when you have the most murders nobody ever pays attention to the fact that you're actually ranked
like 20th when it comes to your murder rate majority of the foreclosures going on in the
great state of Illinois are Peoria Crawford and Kendall in 2019 the Foreclosure rate in
Illinois was one out of every 2 800 homes and in September of 2022 it was one in every 1926 homes
that's not good and honestly I mean I'm not a real estate expert or anything like that I'm
not an economist but I only think the numbers on these are going to get much worse over the next
four or five years do I personally think we're gonna have a collapse like we had in 2008 no I
think it'll be bad I don't think it'll get that bad but we'll see I don't have all the answers
all right that's today's video hope you guys enjoyed it hope you got some
information out of it now go out have a productive day and be nice to each other