real estate

Top 10 states for foreclosure in February

Foreclosure filings fell 4 percent nationally from January to February. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in February. Nationally, 1 in every 1,295 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for February 2015)

National foreclosure filing average: 1:1,295 housing units

States1Ratio of foreclosures2Rates3Income tax4
Maryland1:5643.82%2% to 5.75%
Nevada1:5693.88%None
Florida1:5703.81%None
Indiana1:8713.86%3.4%
Idaho1:8773.8%1.6% to 7.4%
New Jersey1:8953.82%1.4% to 8.97%
Illinois1:9063.85%5%
Delaware1:9573.76%Up to 6.75%
Ohio1:1,0003.76%0.537% to 5.421%
North Carolina1:1,0883.86%6% to 7.75%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in February.
  • 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 March 18, 2015, overnight averages.
  • 4Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Jean Chatzky

Jean Chatzky: Buy a home now?

Whether you're talking interest rates, PMI or new down payment requirements, 2015 may be the last best year to buy. Here’s how to do it right.  ... Read more

advertisement
Partner Center
advertisement

Connect with us