If you think that you will not be affected by the increase in foreclosure, do not kid yourself Even if your home is not threatened, you can lose much of the growing foreclosure rate. The numbers are staggering. Nevada has the highest foreclosure rate, according to RealtyTrac. 1 in 54 homes received a notice in the first quarter which was 3.6 times the national average. California ranks second, followed by Arizona. 243 353 people received notification in April. This is a significant increase from last year when only 147 708 received a foreclosure notice. It is also an increase of 4% in March. The numbers are based on reports from RealtyTrac Inc. Foreclosures are increasing due to real estate investors who bought the house thinking that home prices will continue to grow and because of shady sub prime lending companies. Without quick and decisive action, foreclosures will continue to grow. Why be concerned with the increase in foreclosure rates? trickle down effect foreclosure can also have a serious impact on their community. a foreclosure can cost as much as $ 34,000. Trash removal, unpaid utilities, police and sheriff's costs, inspections and possibly even the destruction of property all...