mortgage
December 2011: Top 10 states for foreclosure
Foreclosure filings were down 9 percent nationally from November to December. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in November. Nationally, 1 in every 634 housing units received a foreclosure filing last month.
Did your state make the top 10 foreclosure list?
Top 10 Foreclosures by State (as of December 2011)
- National foreclosure filing average: 1:634 housing units.
- National average foreclosure sales price: $182,516.
| States* | Average price* | Ratio of foreclosures* | Rates* | Income tax* |
|---|
 | $119,510 | 1:177 | 3.92% | No income tax |
 | $235,529 | 1:254 | 3.95% | Varies from 1.25% to 9.55% |
 | $60,211 | 1:346 | 3.91% | 4.35% |
 | $135,709 | 1:357 | 3.91% | Varies from 2.59% to 4.54% |
 | $119,236 | 1:360 | 3.89% | No income tax |
 | $99,304 | 1:381 | 3.85% | Varies from 1% to 6% |
 | $117,265 | 1:419 | 3.88% | 5% |
 | $121,100 | 1:485 | 3.93% | Varies -- up to 6.95% |
 | $152,246 | 1:548 | 3.97% | 5% |
 | $73,420 | 1:583 | 3.86% | Varies from 0.618% to 6.24% |
- *States: According to RealtyTrac, these states had the highest rates of foreclosure in December.
- *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 Jan. 19, 2012, 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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