Foreclosure filings were down 7 percent nationally from December to January. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in January. Nationally, 1 in every 869 housing units received a foreclosure filing last month.
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Top 10 foreclosures by state (as of January 2013)
- National foreclosure filing average: 1:869 housing units
- National average foreclosure sales price: $190,659
| States1 | Average price2 | Ratio of foreclosures3 | Rates4 | Income tax5 |
|---|---|---|---|---|
Florida
|
$126,576 | 1:300 | 3.69% | None |
Nevada
|
$137,601 | 1:344 | 3.60% | None |
Illinois
|
$129,871 | 1:375 | 3.64% | 5% |
Arizona
|
$161,016 | 1:501 | 3.65% | 2.59% to 4.54% |
Georgia
|
$101,597 | 1:513 | 3.62% | 1% to 6% |
Ohio
|
$72,432 | 1:612 | 3.44% | 0.578% to 5.925% |
Washington
|
$203,904 | 1:674 | 3.72% | None |
California
|
$275,421 | 1:753 | 3.65% | 1% to 12.30% |
Indiana
|
$118,754 | 1:784 | 3.64% | 3.40% |
Michigan
|
$68,939 | 1:837 | 3.68% | 4.25% |
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in January.
- 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 Feb. 14, 2013, 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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