FOUR BAD STATES - 10.6% of all mortgages in the state of Florida were in some stage of foreclosure during the 1st quarter 2009. Nationally, 3.9% of mortgages were in some stage of foreclosure. Excluding the states of Florida, Nevada, California and Arizona, only
1.0% of mortgages in the other 46 states were in the foreclosure process during the 1st quarter 2009 (source: Mortgage Bankers
Association).