real estate

Top 10 states for foreclosure in April

Foreclosure filings declined by 7.38% nationally from March to April. But these states had the highest rates of foreclosure last month, according to RealtyTrac, a California-based firm that tracks the numbers. Nationally, 1 in every 1,315 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for April 2016)
RankStates1Ratio of foreclosures2Rates3 (%)
1Maryland1 in 5453.6
2New Jersey1 in 5653.59
3Delaware1 in 6283.48
4Florida1 in 7313.65
5Nevada1 in 7543.51
6Illinois1 in 9423.67
7South Carolina1 in 9493.67
8Ohio1 in 9713.48
9Rhode Island1 in 1,2283.44
10Pennsylvania1 in 1,2333.45
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in April.
  • 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 May 18, 2016, overnight averages.

 

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