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.
Did your state make the top 10 foreclosure list?
Top 10 foreclosures by state (for May 2014)
National foreclosure filing average: 1:1,199 housing units
|States1||Ratio of foreclosures2||Rates3||Income tax4|
|Maryland||1:621||4.25%||2% to 5.75%|
|Ohio||1:805||4.22%||0.537% to 5.421%|
|New Jersey||1:815||4.27%||1.4% to 8.97%|
|Delaware||1:818||4.20%||Up to 6.75%|
|Connecticut||1:835||4.17%||3% to 6.7%|
|South Carolina||1:851||4.19%||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.
More From Bankrate.com