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 |
|---|---|---|---|---|
California |
$259,124 | 1:325 | 3.65% | 1.25% to 10.30% |
Arizona
|
$152,491 | 1:346 | 3.93% | 2.59% to 4.54% |
Florida |
$122,869 | 1:352 | 3.69% | None |
Georgia |
$105,941 | 1:376 | 3.62% | 1% to 6% |
Illinois
|
$119,327 | 1:385 | 3.57% | 5% |
Nevada |
$137,393 | 1:415 | 3.51% | None |
Michigan |
$74,909 | 1:518 | 3.56% | 4.35% |
Ohio |
$76,487 | 1:528 | 3.63% | 0.578% to 5.925% |
South Carolina |
$158,057 | 1:536 | 3.60% | Up to 7% |
Indiana |
$66,518 | 1:665 | 3.63% | 3.40% |
- 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.
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