Foreclosure filings were down 10 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 December. Nationally, 1 in every 810 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 2012)
- National foreclosure filing average: 1:810 housing units
- National average foreclosure sales price: $197,418
| States1 | Average price2 | Ratio of foreclosures3 | Rates4 | Income tax5 |
|---|---|---|---|---|
Florida
|
$127,792 | 1:338 | 3.46% | None |
Nevada
|
$143,852 | 1:345 | 3.37% | None |
California
|
$279,432 | 1:457 | 3.43% | 1.25% to 10.30% |
Illinois
|
$123,230 | 1:461 | 3.45% | 5% |
Ohio
|
$88,427 | 1:473 | 3.41% | 0.578% to 5.925% |
Arizona
|
$159,611 | 1:558 | 3.44% | 2.59% to 4.54% |
Georgia
|
$103,603 | 1:582 | 3.40% | 1% to 6% |
Washington
|
$214,734 | 1:615 | 3.51% | None |
Indiana
|
$118,570 | 1:679 | 3.37% | 3.40% |
South Carolina
|
$140,633 | 1:683 | 3.35% | Up to 7% |
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in December.
- 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 Jan. 16, 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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