The statistics for Michigan foreclosures received a huge boost from the Detroit metropolitan area during 2007, new reports indicate. Detroit foreclosures rose more than 107% between December of 2006 and December of 2007, worsening the city and the state’s already worrisome foreclosure crisis. Michigan foreclosure homes rates have consistently been among the top 5 states in the nation over the past few years, and 2007 secured it as one of the worst areas in the country for home foreclosures.

Following the trend of the rest of the country, New Jersey foreclosures rose in 2007, although the New Jersey foreclosure homes situation isn’t quite as bad as many other states. New Jersey currently ranks as number 16 among states with the worst foreclosure property rates, and its problems are blamed largely on the sub-prime mortgage crisis.

While many states have experienced huge booms in foreclosures over the past year that are now showing signs of either evening out or beginning to drop off, New York foreclosures seem to be doing the opposite. In 2006, the total amount of New York foreclosure homes was enough to make New York the state with the fifth highest foreclosure rate in the country. Many weren’t sure where the market was going to go from there, but in 2007, it got decidedly worse.

For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%.

The state of Illinois continues to experience the weight of the foreclosure boom, as new statistics show that the number of Illinois foreclosures increased 36% in 2007 over the 2006 total. Illinois foreclosure homes totals have not reached record highs like other parts of the country, but the market for homes there has still been severely affected. Median home values continue to fall due to a flooded market. In addition, more foreclosed properties are predicted to come about due to adjustable rate mortgages set to reset during the 2008 year.

The escalating situation for Maryland foreclosures has caught the attention of local lawmakers, who recently vowed to take steps to combat the surge in Maryland foreclosure homes after 7000 residents lost their homes to mortgage debt during the third quarter of 2007.

Georgia once again came in near the top of the charts among states with the highest rates of foreclosure in 2007. Georgia foreclosures and filings numbered over 9,950 in the month of November alone, which was one of the high points of the year. Georgia foreclosure homes numbered 1 for every 420 houses in the state during that period. While this number was a decrease from October of more than 20%, it is still 28% higher than it was in November of 2006.

After 2006, many thought the Colorado foreclosures couldn’t get much worse. During that year, the state experienced a 30% increase in the amount of defaults filed since 2005, and although many expected they hadn’t seen the end of this trend, few could predict what was to come in 2007. Only nine months into the year, the number of Colorado foreclosure homes matched the total for the previous year, topping out at over 28,950 homes entering some stage of foreclosure or default.

According to new reports, Northern California saw an uptick in the number of California foreclosures that resulted in a 165% increase in the amount of homes entering some stage of default during the year of 2007. Similarly, the southern half of the state saw a dramatic increase in 2007 as well, as California foreclosure homes in the region saw a 175% rise in the number of defaults, many of these occurring in the areas biggest markets for real estate.

Good news for homeowners on the Arizona foreclosures front, and that’s that the near record foreclosure rate highs we’ve seen in the state in the past year seems to be tailing off.