real estate

Top 10 states for foreclosure in July

Foreclosure filings rose nearly 7% nationally from June to July. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in July. Nationally, 1 in every 1,057 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for July 2015)

National foreclosure filing average: 1:1,1057 housing units

States1Ratio of foreclosures2Rates3Income tax4
Florida1:4083.95%None
Maryland1:5133.93%2% to 5.75%
New Jersey1:5203.91%1.4% to 8.97%
Nevada1:5873.84%None
Illinois1:7303.91%3.75%
New Mexico1:7413.96%1.7% to 4.9%
Georgia1:9003.95%1% to 6%
South Carolina1:9233.94%Up to 7%
Ohio1:9323.89%0.528% to 5.333%
North Carolina1:9703.94%5.75%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in July.
  • 2Ratio of foreclosures: Ratio is based on the total number of properties entered into RealtyTrac's database during the year, 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 Aug. 26, 2015, overnight averages.
  • 4Income tax: The range of taxes levied by states on a personal income for a single taxpayer. The tax is based on earned and unearned income.

 

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