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Top 10 states for foreclosure

Chris Persaud

Foreclosure filings were up 2 percent nationally from January to February. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in February. Nationally, 1 in every 849 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

  • Top 10 foreclosures by state (as of February 2013)

  • National foreclosure filing average: 1:849 housing units
  • National average foreclosure sales price: $179,365
States1 Average price2 Ratio of foreclosures3 Rates4 Income tax5
Florida
$119,869 1:282 3.75% None
Nevada
$143,557 1:320 3.70% None
Illinois
$116,458 1:417 3.69% 5%
Ohio
$73,449 1:485 3.69% 0.587% to 5.925%
Washington
$202,139 1:656 3.79% None
Arizona
$167,320 1:704 3.71% 2.59% to 4.54%
Georgia
$106,859 1:705 3.67% 1% to 6%
Utah
$117,989 1:713 3.63% 5%
Maryland
$137,588 1:720 3.75% 2% to 5.75%
Michigan
$56,843 1:724 3.70% 4.25%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in February.
  • 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 March 13, 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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