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The 2008 economic crisis hit particularly hard – Nevada had the US's highest rate of foreclosure.
Nevada, Utah's neighbour to the west, had America's highest rate of foreclosure filings, according to Realtytrac.
An unintended result of creating affordable housing and economic development has been a lower rate of foreclosure.
Metropolitan areas in California and Florida accounted for 9 of the top 10 areas with the highest rate of foreclosure.
Douglas Duncan, the chief economist at the Mortgage Bankers Association, said policy makers never say what they would consider a "socially acceptable rate of foreclosure".
It has seven of the 10 cities with the highest rate of foreclosure, and the bulk of the loans made by Countrywide, considered among the most destructive.
Similar(33)
The rate of foreclosures remains high.
Nevada had the highest rate of foreclosures, followed by California.
"What results is a very high rate of foreclosures with these types of loans".
California has the third-highest rate of foreclosures in the country, RealtyTrac says, behind Nevada and Colorado.
Property prices rocketed accordingly – and Nevada now has the highest rate of foreclosures in the country.
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