California, Nevada and Arizona See High Levels of Troubled Home Loans

These three states are seeing a large number of people who are either behind on payments or in the process of foreclosure.

Lead Processing Services Inc. reported recently that California, Nevada and Arizona are among states with the highest number of home loans that were not current in April.

In measuring non-current loans, LPS takes into consideration delinquencies and foreclosures. From a national standpoint, the delinquency rate on home loans in the country was 8.99 percent, while the foreclosure inventory rate was at 3.18 percent.

Areas such as California, Nevada and Arizona were all hit hard by the recent recession, which may have led to more residents trying to stop foreclosure. According to RealtyTrac, those three states are seeing some of the highest rates of home loans in trouble.

However, some people in those states have managed to avoid foreclosure through the government's Home Affordable Modification Program. With HAMP, homeowners experiencing trouble with their mortgage loans may have their payments reduced to a more manageable percentage of their total income.

The goal of the program is to help between 3 million and 4 million people across the country avoid foreclosure.