Reports show that a growing number of Oklahomans are facing home foreclosure. In fact, a new survey reveals that foreclosures in Oklahoma in 2008 increased 50.1 percent from 2007. RealtyTrac, a real estate data service, estimates that 12,465 properties, or 0.78 percent of all homes in Oklahoma, went through foreclosure last year.
According to RealtyTrac’s estimates, 4,777 homes in the Tulsa metro area were foreclosed, up 35.25 percent from 2007 and representing 1.22 percent of all homes in the area and giving the Tulsa metro area the 66th highest foreclosure rate in the nation.
While Oklahoma’s foreclosure numbers are on the rise, they still are miniscule in comparison to Nevada. Nevada led the US in home foreclosures in 2008 when it’s foreclosures increased 125.74 percent from 2007. A full 7.3 percent of Nevada homes entered foreclosure last year.
Source: The Tulsa World.
