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Top 10 states for foreclosure

Chris Persaud

Foreclosure filings were up 3 percent nationally from September to October. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in October. Nationally, 1 in every 706 housing units received a foreclosure filing last month.

Did your state make the top 10 foreclosure list?

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

  • National foreclosure filing average: 1:706 housing units
  • National average foreclosure sales price: $192,700
States1 Average price2 Ratio of foreclosures3 Rates4 Income tax5
Florida
$117,754 1:312 3.5% None
Nevada
$139,323 1:352 3.38% None
Illinois
$116,994 1:356 3.43% 5%
California
$265,901 1:379 3.44% 1.25% to 10.3%
Arizona
$150,985 1:420 3.44% 2.59% to 4.54%
Georgia
$113,589 1:439 3.38% 1% to 6%
Ohio
$76,558 1:476 3.41% 0.578% to 5.925%
Colorado
$185,265 1:563 3.4% 4.63%
South Carolina
$132,284 1:601 3.33% Up to 7%
Michigan
$59,104 1:607 3.47% 4.35%
  • 1States: According to RealtyTrac, these states had the highest rates of foreclosure in October.
  • 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 Nov. 15, 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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