Foreclosure filings increased 15 percent nationally from September to October, the largest month-over-month increase since the U.S. foreclosure activity peaked in March 2010, according to RealtyTrac. The California-based housing research firm reported that 123,109 U.S. properties — 1 in every 1,069 housing units — had foreclosure filings in past month.
Did your state make the top 10 foreclosure list?
Top 10 foreclosures by state (for October 2014)
National foreclosure filing average: 1:1,069 housing units
|States1||Ratio of foreclosures2||Rates3||Income tax4|
|Maryland||1:400||4.1%||2% to 5.75%|
|Ohio||1:674||4.1%||0.537% to 5.421%|
|Delaware||1:752||4.13%||0% to 6.75%|
|South Carolina||1:814||4.13%||0% to 7%|
|New Jersey||1:878||4.1%||1.4% to 8.97%|
|Georgia||1:899||4.09%||1% to 6%|
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in October.
- 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 Nov. 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.
By Stacy Jones • Bankrate.com