Top 10 states for foreclosure in October

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%
Florida 1:444 4.11% None
Nevada 1:596 4.08% None
Ohio 1:674 4.1% 0.537% to 5.421%
Illinois 1:712 4.03% 5%
Delaware 1:752 4.13% 0% to 6.75%
Indiana 1:762 4.13% 3.4%
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

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