The latest Realty Trac survey puts Idaho in the top five states for home foreclosures. Idaho is ranked number 5, right behind California at number 4.
Realty Trac says Idaho saw a 13.67% increase over the same time last year, and a 19.74% increase since the 2nd quarter of this year. For the 3rd quarter of 2010, one out of 86 homes in Idaho are in some stage of foreclosure. California, while seeing a drop in foreclosures, still has one out of 70 homes in foreclosure.
The top 5 states, Nevada, Arizona, Florida, California and Idaho, make up 50% of foreclosures in the United States.
This news comes as the big banks involved in the foreclosure fiasco are reporting big profits for the same quarter.