mortgage
March 2012: Top 10 states for foreclosure
Foreclosure filings were down 4 percent nationally from February to March. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in March. Nationally, 1 in every 662 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
Top 10 Foreclosures by State (as of March 2012)
- National foreclosure filing average: 1:662 housing units.
- National average foreclosure sales price: $177,192.
| States* | Average price* | Ratio of foreclosures* | Rates* | Income tax* |
|---|
 | $131,248 | 1:300 | 3.89% | 2.59% to 4.54% |
 | $117,153 | 1:301 | 3.85% | No income tax |
 | $233,939 | 1:303 | 3.88% | 1.25% to 9.55% |
 | $115,854 | 1:336 | 3.97% | No income tax |
 | $116,890 | 1:361 | 3.81% | 1% to 6% |
 | $121,387 | 1:383 | 3.91% | 5% flat tax |
 | $193,263 | 1:415 | 3.91% | 5% flat tax |
 | $78,906 | 1:489 | 3.89% | 4.35% flat tax |
 | $106,485 | 1:578 | 3.89% | 4.6% to 7.75% |
 | $180,895 | 1:591 | 3.89% | 4.63% flat tax |
- *States: According to RealtyTrac, these states had the highest rates of foreclosure in March.
- *Average price: The average price of all properties sold during the month that were in some state of foreclosure.
- *Ratio 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.
- *Rates: Average interest rate charged in the state for a 30-year fixed-rate mortgage based on Bankrate.com's April 11, 2012, overnight averages.
- *Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.
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