real estate

Top 10 states for foreclosure in December

Foreclosure filings increased 1.53 percent over December, according to RealtyTrac. The California-based housing research firm reported that 114,222 U.S. properties -- 1 in every 1,153 housing units -- had foreclosure filings last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for December 2014)

National foreclosure filing average: 1:1,153 housing units

States1Ratio of foreclosures2Rates3Income tax4
New Jersey1:2863.87%1.4% to 8.97%
Maryland1:5383.88%2% to 5.75%
Florida1:5463.85%None
Illinois1:6633.86%5%
Nevada1:6803.79%None
Delaware1:8223.78%2.2% to 6.75%
Ohio1:9273.75%0.537% to 5.421%
Indiana1:1,0333.93%3.4%
Connecticut1:1,0763.88%3% to 6.7%
North Carolina1:1,1143.91%6% to 7.75%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in December.
  • 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 Jan. 14, 2015, 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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