Four states — Arizona, California, Florida and Nevada — accounted for about 89 percent of the foreclosures, a disproportionately high amount of the newly reported figures. Those regions have suffered the sharpest price drops.

That makes more sense. Before, the article says that 1 in 10 homeowners is foreclosing or delinquent on their payments, and I couldn't believe that about Georgia.

-janelane

Nearly 1 in 10 Homeowners Face Loan Problems - NYTimes.com