July 2012: Top 10 states for foreclosure
Foreclosure filings were down 3 percent nationally from June to July. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in April. Nationally, 1 in every 686 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
Top 10 foreclosures by state (as of July 2012)
- National foreclosure filing average: 1:686 housing units
- National average foreclosure sales price: $202,664
|States1||Average price2||Ratio of foreclosures3||Rates4||Income tax5|
|$259,124||1:325||3.65%||1.25% to 10.30%|
|$152,491||1:346||3.93%||2.59% to 4.54%|
|$105,941||1:376||3.62%||1% to 6%|
|$76,487||1:528||3.63%||0.578% to 5.925%|
|$158,057||1:536||3.60%||Up to 7%|
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in July.
- 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 Aug. 8, 2012, overnight averages.
- 5Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.