Dear Deadbeat States, Please Pay Your Mortgages

July Foreclosures from RealtyTrac

I don’t like to point fingers or anything, but it seems that in July 2009, only 7 of our 50 states were responsible for 67% of the nation’s property foreclosure filings.  That’s right, two thirds of the foreclosures are in…well, I’ll let you name the states.

That’s right. 

California, Florida, Texas, Arizona, Nevada, Georgia and Illinois – aka The Maginificent Seven.

Now I’m well aware that these states aren’t just deadbeat states, that they do contribute a great portion of our GDP and federal tax revenue.  But c’mon guys, let’s get it together already!

First off, Nevada has some nerve appearing on this list.  It’s basically the sofa cushion of the country, where all of our lost money disappears to.  I feel like the rest of us look the other way on Nevada’s behalf quite a bit, is it so much to ask for a little responsibility?

Illinois is another one that already gets away with plenty.  We let the whole Rod Blagojevich story fade as though it never happened; that’s right, a Governor so outrageously corrupt he makes the rest of Chicago politics look kosher.  You’re welcome, go pay your mortgages.

Georgia gets a pass here as does Texas… just chill out with the whole seccession thing.  We tried that, didn’t go very well, remember?  Work it out with your banks, guys.

And Arizona, the third most foreclosed homes in America?  Are you kidding me?  1 out of every 135 homes in foreclosure?  Do you want to be sold back to Mexico?  Keep it up.

California I can’t even get into here, it’s like the Detroit Lions of the real estate market.  Maybe the Governator can take 11 seconds out from from embarrassing himself on Twitter and give his constituents a refresher course on basic checking account balancing.

Finally, we come to Florida.  23% of all home loans are at least delinquent in the Sunshine State.  You have to be actually trying to be that off the wall.  After the whole 2000 election fiasco, you’d have thought Florida would have been content with playing it’s position and keeping it’s head down.  Not hardly, they were mainlining condominiums and adjustable rate mortgages directly into their bloodstream and now the rest of us get to watch the 3-years-and-counting detox.  Grow up and pay your bills.

Can’t you guys all be more like Vermont?  No booms, no busts…just all the maple syrup and Howard Dean-y goodness you can consume.  Easy livin’.

Sources:

RealtyTrac July Foreclosure Activity