April 2012: Top 10 states for foreclosure
Foreclosure filings were down 5 percent nationally from March to April. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in April. Nationally, 1 in every 698 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
Top 10 Foreclosures by State (as of April 2012)
- National foreclosure filing average: 1:698 housing units.
- National average foreclosure sales price: $180,308.
|States1||Average price2||Ratio of foreclosures3||Rates4||Income tax5|
|$118,223||1:300||3.71%||No income tax|
|$245,068||1:351||3.79%||1.25% to 10.3%|
|$110,947||1:364||3.81%||No income tax|
|$138,733||1:377||3.76%||2.59% to 4.54%|
|$110,235||1:398||3.69%||1% to 6%|
|$120,547||1:418||3.74%||5% flat tax|
|$165,130||1:419||3.71%||5% flat tax|
|$78,790||1:487||3.78%||4.35% flat tax|
|$67,356||1:525||3.69%||0.578% to 5.925%|
|$112,628||1:547||3.70%||4.6% to 7.75%|
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in April.
- 2Average price: The average price of all properties sold during the month that were in some state of foreclosure.
- 3Ratio 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.
- 4Rates: Average interest rate charged in the state for a 30-year fixed-rate mortgage based on Bankrate.com's May 16, 2012, overnight averages.
- 5Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.