Foreclosures dropped in 2012, but rose in some states
Total foreclosures dropped in 2012, but rose in Florida, Illinois and Georgia. (Source: CNN)
(CNN) - Total foreclosure filings - including default notices, scheduled auctions and bank repossessions - fell three percent in 2012 over the previous year, according to RealtyTrac's year-end foreclosure report.
Yet while overall filings have plunged about 36 percent since the peak foreclosure year of 2010, some states are now seeing their foreclosure rates climb.
Florida, Illinois and Georgia were home to the largest number of zip codes with the highest foreclosure rates of 2012, taking over that distinction from California, Nevada and Arizona.
RealtyTrac says much of the shift has to do with the way these states handle foreclosures.