Thanks to tough times in the past several years Delaware has the nation’s highest foreclosure rate, according to RealtyTrac, a company that crunches numbers on troubled properties in the 50 states. Not far behind was New Jersey, which has long suffered from a high foreclosure rate.
The Delaware rate of one home in 674 is more than double the national foreclosure rate.
The Delaware rate runs ahead of states, such as Nevada. That state saw a deep decline in its economy in 2008 and 2009, due to overbuilding and a slump in the casino business.