Top 10 states for foreclosure in May
Foreclosure filings declined by a slight 0.09% nationally from April to May. According to RealtyTrac, a California-based firm that follows foreclosures, these states had the highest rates of foreclosure activity last month. Nationally, 1 in every 1,316 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in May.
- 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 June 14, 2016, overnight averages.