12 US housing markets getting rocked by foreclosures

[Chris Clothier]

I ran across this article this morning on Business Insider.  It is painted with broad strokes, but it still has some data that could be troubling or encouraging depending on which side of the fence you sit.  I just wanted to see what investors in these states are seeing and if the increase in foreclosures is leading to an increase in opportunity?

http://www.businessinsider.com/states-with-highest...

According to RealtyTrac, bank foreclosures are up 66% year over year and the foreclosure rate nationwide is 1 out of every 407 homes.  There are 12 states that are foreclosing at a faster rate than the national average.  If I'm not mistaken, this is the same trend that precluded the last housing crisis as foreclosures were clustered in a few areas around the country.

Here are the states seeing increased foreclosures:

Delaware
North Carolina
Indiana
Ohio
Georgia
New Mexico
South Carolina
Illinois
Maryland
Nevada
Florida
New Jersey

Anyone feeling a big increase in foreclosures?  And is that good or bad for what we do?