mortgage

May 2012: Top 10 states for foreclosure

Foreclosure filings were up 9 percent nationally from April to May. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in May. Nationally, 1 in every 639 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in May.
  • 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 June 14, 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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