Don't Mess with Texas: Last month, over 15% of the new foreclosures nationwide were in the Lone Star State. One out of every 631 households are in some stage of the foreclosure process in Texas, encompassing 12,753 homes, and the numbers rose 61% for the month of December. In comparison, California, which also saw a significant jump in December, reported only 7,674 homes in foreclosure. Other states joining Texas at the bottom of the heap are Utah, Indiana and Ohio, which regular readers of this site know have also seen the smallest increase in property values over the last five years, as well as the highest bankruptcy rates.