real estate

Top 10 states for foreclosure in November

Foreclosure filings decreased 9 percent nationally from October to November, the 50th consecutive month with a year-over-year decrease in overall foreclosure activity, according to RealtyTrac. The California-based housing research firm reported that 112,498 U.S. properties -- 1 in every 1,170 housing units -- had foreclosure filings last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for November 2014)

National foreclosure filing average: 1:1,170 housing units

States1Ratio of foreclosures2Rates3Income tax4
Florida1:4624.16%None
New Jersey1:4784.13%1.4% to 8.97%
Maryland1:5814.16%2% to 5.75%
Delaware1:6933.89%2.2% to 6.75%
Utah1:7503.87%5%
Nevada1:7833.99%None
Illinois1:8484.15%5%
Ohio1:8653.87%0.537% to 5.421%
Indiana1:9324.21%3.4%
South Carolina1:9334.22%0% to 7%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in November.
  • 2Ratio 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.
  • 3Rates: Average interest rate charged in the state for a 30-year fixed-rate mortgage based on Bankrate.com's Dec. 10, 2014, overnight averages.
  • 4Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.

 

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