real estate

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?

Top 10 foreclosures by state (for May 2016)
RankStates1Ratio of foreclosures2Rates3 (%)
1New Jersey1 in 5593.69
2Maryland1 in 6933.7
3Delaware1 in 7163.64
4Florida1 in 7383.66
5Nevada1 in 8513.67
6Illinois1 in 8783.69
7South Carolina1 in 9383.72
8Connecticut1 in 9733.72
9Ohio1 in 9773.63
10New Mexico1 in 1,0323.63
  • 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.

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