mortgage
Top 10 foreclosures by state
Foreclosure filings were up 7 percent nationally from July to August. According to RealtyTrac, a California-based firm that tracks foreclosures, these 10 states had the highest rates of foreclosure in August. Nationally, 1 in every 570 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
Top 10 Foreclosures by State (as of August 2011)
- National foreclosure filing average:1:570 housing units.
- National average foreclosure sales price: $173,496.
| States* | Average price* | Ratio of foreclosures* | Rates* | Income tax* |
|---|
 | $122,188 | 1:118 | 4.20% | No income tax |
 | $237,625 | 1:226 | 4.17% | Varies from 1.25 percent to 9.55% |
 | $130,800 | 1:248 | 4.22% | Varies from 2.59% to 4.54% |
 | $121,077 | 1:346 | 4.13% | Varies from 1% to 6% |
 | $142,303 | 1:348 | 4.15% | Varies from 1.6% to 7.8% |
 | $66,494 | 1:349 | 4.19% | 4.35% |
 | $121,466 | 1:376 | 4.17% | No income tax |
 | $122,670 | 1:424 | 4.14% | 3% |
 | $171,835 | 1:439 | 4.18% | 4.63% |
 | $199,063 | 1:450 | 4.20% | 5% |
- *States: According to RealtyTrac, these states had the highest rates of foreclosure in August.
- *Average Price: The average price of all properties sold during the month that were in some state of foreclosure.
- *Ratio of foreclosures: Ratio is based on the total number of properties entered into RealtyTrac’s database during the month, broken out by type of filing.
- *Rates: Average interest rate charged in the state for a 30-year fixed-rate mortgage based on Bankrate.com’s Sept. 19, 2011, overnight averages.
- *Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.
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