Top 10 states for foreclosure in May

Bankrate.com

Foreclosure filings fell 5 percent nationally from April to May. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in May. Nationally, 1 in every 1,199 housing units received a foreclosure filing last month.

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Top 10 foreclosures by state (for May 2014)

National foreclosure filing average: 1:1,199 housing units

States1Ratio of foreclosures2Rates3Income tax4
Florida1:4364.23%None
Maryland1:6214.25%2% to 5.75%
Nevada1:7174.24%None
Illinois1:7904.24%5%
Ohio1:8054.22%0.537% to 5.421%
New Jersey1:8154.27%1.4% to 8.97%
Delaware1:8184.20%Up to 6.75%
Indiana1:8234.20%3.4%
Connecticut1:8354.17%3% to 6.7%
South Carolina1:8514.19%Up to 7%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in May.
  • 2Ratio 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.
  • 3Rates: Average interest rate charged in the state for a 30-year fixed-rate mortgage based on Bankrate.com's June 12, 2014, overnight averages.
  • 4Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.


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