BUSINESS
02/11/2012 12:05 pm ET

24/7 Wall St.: The States With The Most Homes in Foreclosure

While some of the states with high foreclosure rates have had substantial improvements in their economies, others continue to be hit hard. In Nevada and Florida, two states with the highest foreclosure rates, homes lost roughly half of their value over the past five years -- and prices are still falling. Foreclosures that began several years ago and that are still active cannot be the only reason nearly 12% of Florida's homes with mortgages were in foreclosure last year. Home prices in the state fell nearly 50% over the past five years, unemployment remains extremely high, and 17.4% of people with mortgages in the state were 90 days or more late on their mortgage payments.

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