real estate

Top 10 states for foreclosure in September

Foreclosure filings dropped 9 percent nationally from August to September to the lowest level since July 2006, according to RealtyTrac. The California-based housing research firm reported that 106,866 U.S. properties -- 1 in every 1,232 housing units -- had foreclosure filings last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for September 2014)

National foreclosure filing average: 1:1,232 housing units

States1Ratio of foreclosures2Rates3Income tax4
Florida1:4344.13%None
New Jersey1:5114.13%1.4% to 8.97%
Maryland1:6734.12%2% to 5.75%
Illinois1:7894%5%
Nevada1:7974%None
Connecticut1:9244.12%3% to 6.7%
Indiana1:9834.16%3.4%
Ohio1:1,0204.06%0.537% to 5.421%
Delaware1:1,0494.11%Up to 6.75%
South Carolina1:1,0694.19%0% to 7%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in September.
  • 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 Oct. 8, 2014, 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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