mortgage
Top 10 states for foreclosure September 2011
Foreclosure filings were up less than 1 percent nationally from August to September. According to RealtyTrac, a California-based firm that tracks foreclosures, these 10 states had the highest rates of foreclosure in September. Nationally, 1 in every 605 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
Top 10 Foreclosures by State (as of September 2011)
- National foreclosure filing average:1:605 housing units.
- National average foreclosure sales price: $172,353.
| States* | Average price* | Ratio of foreclosures* | Rates* | Income tax* |
|---|
 | $115,720 | 1:118 | 4.22% | No income tax |
 | $227,754 | 1:259 | 4.18% | Varies from 1.25% to 9.55% |
 | $124,505 | 1:305 | 4.25% | Varies from 2.59% to 4.54% |
 | $69,483 | 1:322 | 4.2% | 4.35% |
 | $124,699 | 1:352 | 4.14% | Varies from 1% to 6% |
 | $113,885 | 1:368 | 4.17% | No income tax |
 | $123,117 | 1:391 | 4.18% | Varies from 1.6% to 7.8% |
 | $213,139 | 1:408 | 4.24% | 5% |
 | $171,114 | 1:447 | 4.21% | 4.63% |
 | $129,688 | 1:463 | 4.17% | 5% |
- *States: According to RealtyTrac, these states had the highest rates of foreclosure in September.
- *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 Oct. 18, 2011, overnight averages.
- *Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.
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