mortgage
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.
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