Heading a ranking of this nature reflects accurately what happened here during the real estate boom days a few years ago. It was then when many homeowners and professional and weekend investors got carried away in the charged atmosphere of fast-rising home prices and failed to hold back in time when the market was about to plunge over the edge. Call it bad timing, poor judgment or greed, it doesn't matter which, but it's still hurting equally bad those who were caught in its ugly repercussions.
On per capita basis Nevada leads the national preforeclosure list with a rate of 4.05, followed by Florida at 2.86, Arizona at 2.05 and Colorado at 2.04, according to Foreclosures.com. These figures alone don't tell much, except that who has the most, who is second and so on. Please click on the link in this paragraph to read the entire article.