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.