Florida No. 4 in List of States With Biggest Foreclosure Drops

The number of home owners entering the foreclosure process dropped below pre-recession levels in August, according to RealtyTrac. In some states, the declines were even more pronounced. Financial site 24/7 Wall St. reviewed the states with at least 500 foreclosure starts as of August 2013 to identify which had the largest declines in the last year:

1. Illinois: Change in foreclosure starts: -66.2%
2. Arizona: -64.9%
3. Washington: -64.9%
4. Florida: -64.6%
5. California: -57.5%
6. North Carolina: -56.0%
7. Michigan: -55.0%
8. Tennessee: -51.0%

Source: “States with the Biggest Drops in Foreclosures,” USA Today (Sept. 14, 2013)