Foreclosure filings fell 1% nationally from March to April. According to RealtyTrac, a California-based firm that tracks foreclosures, these states had the highest rates of foreclosure in April. Nationally, 1 in every 1,137 housing units received a foreclosure filing last month.
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Top 10 foreclosures by state (for April 2014)
National foreclosure filing average: 1:1,137 housing units
|States1||Ratio of foreclosures2||Rates3||Income tax4|
|Maryland||1:624||4.35%||2% to 5.75%|
|Delaware||1:657||4.37%||Up to 6.75%|
|New Jersey||1:700||4.41%||1.4% to 8.97%|
|Ohio||1:750||4.38%||0.537% to 5.421%|
|Connecticut||1:887||4.32%||3% to 6.7%|
|South Carolina||1:890||4.36%||Up to 7%|
- 1States: According to RealtyTrac, these states had the highest rates of foreclosure in April.
- 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 May 14, 2014, overnight averages.
- 4Income tax: The range of taxes levied by states on personal income. The tax is based on earned and unearned income.
Copyright 2014, Bankrate Inc.