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Chart: Top 10 states for foreclosure September 2012

Chris Persaud

Foreclosure filings were down 7 percent nationally from August to September. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in Spetember. Nationally, 1 in every 730 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

  • Top 10 foreclosures by state (as of September 2012)

  • National foreclosure filing average: 1:730 housing units
  • National average foreclosure sales price: $194,681
States1 Average price2 Ratio of foreclosures3 Rates4 Income tax5
Florida
$120,840 1:318 3.49% None
California
$266,530 1:361 3.46% 1.25% to 10.3%
Illinois
$122,937 1:376 3.44% 5%
Arizona
$155,877 1:398 3.42% 2.59% to 4.54%
Nevada
$137,616 1:496 3.36% None
Georgia
$106,553 1:532 3.42% 1% to 6%
Ohio
$80,820 1:546 3.39% 0.578% to 5.925%
Colorado
$180,538 1:572 3.39% 4.63%
Michigan
$70,359 1:585 3.49% 4.35%
South Carolina
$134,271 1:603 3.35% Up to 7%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in September.
  • 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 Oct. 10, 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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