real estate

Top 10 states for foreclosure in July

Foreclosure filings dropped by almost 9% nationally from June to July, but some states are still feeling foreclosure pain. According to RealtyTrac, a California-based firm that tracks the numbers, these states had the highest rates of foreclosure in July. Nationally, 1 in every 1,540 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

Top 10 foreclosures by state (for July 2016)
RankStates1Ratio of foreclosures2Rates3
1Delaware1 in 5703.37%
2New Jersey1 in 6103.35%
3Maryland1 in 7723.33%
4Nevada1 in 8053.34%
5Florida1 in 8083.37%
6Illinois1 in 1,1253.37%
7South Carolina1 in 1,1623.35%
8Connecticut1 in 1,2133.37%
9Ohio1 in 1,2693.36%
10Masschusetts1 in 1,3323.34%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in July.
  • 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 Aug. 11, 2016, overnight averages.

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