real estate

Top 10 states for foreclosure in October

Foreclosure filings increased 15 percent nationally from September to October, the largest month-over-month increase since the U.S. foreclosure activity peaked in March 2010, according to RealtyTrac. The California-based housing research firm reported that 123,109 U.S. properties -- 1 in every 1,069 housing units -- had foreclosure filings in past month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for October 2014)

National foreclosure filing average: 1:1,069 housing units

States1Ratio of foreclosures2Rates3Income tax4
Maryland1:4004.1%2% to 5.75%
Florida1:4444.11%None
Nevada1:5964.08%None
Ohio1:6744.1%0.537% to 5.421%
Illinois1:7124.03%5%
Delaware1:7524.13%0% to 6.75%
Indiana1:7624.13%3.4%
South Carolina1:8144.13%0% to 7%
New Jersey1:8784.1%1.4% to 8.97%
Georgia1:8994.09%1% to 6%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in October.
  • 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 Nov. 12, 2014, 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

Holden Lewis

Cautious BofA heeds history

Remember the wise decision that Bank of America made in August 2001 in light of the decision it's making now.  ... Read more

advertisement
Partner Center
advertisement

Connect with us