While Nebraska may not be a place you were considering for real estate investment anyway, the state is fortunate enough to be almost at the very bottom of the list. According to their state records, just one out of every 27,000 homes is either in danger of or in the process of foreclosure. Compared to states like Nevada and California the problem seems almost non-existent out there in the heartland of the country.
Number 50: Vermont
Is it any surprise that one of the wealthiest states in the country would have the lowest number of mortgage defaults? In the entire state in 2008, only six foreclosures were filed and that equals one out of every 52,000 homes and, on top of that, the rate is down by 63% compared to 2007. The bottom line is that Vermont is definitely not a state where you're going to find amazing real estate deals.
Other States in the Bottom 10
Not surprisingly, most of the states in the lowest foreclosures by state also have fairly low populations, too. For example, South Dakota comes in at number 47 while North Dakota sits at number 45. West Virginia is currently comfortable at number 48 but their foreclosure rate was one of the few that increased. It went up 28%.
Other states that round out the bottom half of the lowest foreclosures by state include Kentucky (#40), Mississippi (#43), Montana (#46), Louisiana (#42), and New Mexico (#44).
