Iowa home foreclosure filings rise in May - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa home foreclosure filings rise in May


DES MOINES, Iowa (AP) -- Iowa home foreclosure activity rose almost 14.7 percent in May compared to the previous month.

A report released Thursday by Irvine, Calif.-based RealtyTrac shows Iowa with 672 foreclosure filings last month. Filings include default notices, auction-sale notices and bank repossessions.

The filings represent one in every 1,978 housing units in the state. That rate is 5.8 percent higher than in May 2009 and ranks Iowa 40th nationally.

Nevada again had the nation's highest foreclosure rate -- one in every 79 housing units. Arizona and Florida also posted among the highest foreclosure rates.

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