According to the article below (or click on title to this article from above) 1 out of every 136 homes in the US received a foreclosure notice during 3Q2009 , at that pace 1 out of every 39 homes in the US will receive one in the next year (pace is actually becoming more rapid and isn't likely to peak for another 2+ years!)
As scary as that sounds, it could be even uglier . . . 1 out of every 20 homes in Las Vegas received a notice in the past 3 months. Think about that, that means 1 out of 5 will receive a foreclosure notice within the next year! As we all know, there have already been tons of properties foreclosed on in that market, and it’s getting worse. Nevada, South FL, AZ and Southern CA are the worst in the country. The also tend to be (particularly S FL) the nation’s crystal ball. What happens there foretells what will be coming soon to an area near you.
http://www.realtytrac.com/news/press/newsletter-articles.asp?a=b&itemid=7740&accnt=225575
