Foreclosures Down But Not Out – See The Worst 10 States

Foreclosure rates around the country are down to their lowest levels since 2005. According to Attom Data Solutions, the national average for foreclosures in 2017 stood at 0.06%, In Attom’s count, there was a total of 676,525 foreclosures nationally, down -27% from 2016.

More good news…overall mortgage delinquency rates are down while overall mortgage debt increased to 3% from 2016 and up almost 10% compared to 2008.

Still, foreclosures remain a fact of life for many Americans. Here are the states with the highest rates of foreclosures in the country.

1. New Jersey

   

   1. 1 in 605 properties in 2018 are in foreclosure, according to Realty Trac
   2. Foreclosure rate of 1.61% – this 2017 rate is an 11 year high against an 11 year low repossession level
2. Delaware
   1. Foreclosure rate of 1.13%
   2. +16% in 2017, according to Attom Data Solutions
3. Maryland
   1. Foreclosure rate of 0.95% in Q4 2017
   2. 1 in every 1,069 homes in foreclosure in 3/2018, according to Realty Trac
4. Illinois
   1. Foreclosure rate of 0/86%
   2. State is suffering from largest out-migration, +33,000 residents, in country
5. Connecticut
   1. Foreclosure rate of 0.78%
   2. As of 3/18, 1 in every 1,468 homes in foreclosure, according to Realty Trac
   3. Situation improving – bank owned foreclosures fell -35.8% from 3/16 to 3/17 BUT from 3/17 to 3/18, bank owned foreclosures went up +6.3%

6. Florida
   1. Foreclosure rate at 0.72%
   2. According to Attom, 24,215 foreclosure filed in 2017 compared to 43,772 filed in 2016

7. South Carolina
   1. 1. 1 of every 1,120 homes in foreclosure in Q1 2018 with 59.1% of them in pre-foreclosure category, according to Realty Trac
   2. All categories – auction, pre-foreclosure, bank-owned foreclosure – increased +20% in Q1 2018
8. Ohio
   1. 1 of every 1,289 in foreclosure in Q1 2018, according to Realty Trac
   2. This could be due to skyrocketing 1 month, bank-owned foreclosure rate of 77.3% from 2/18 – 3/18
   3. Bank-owned foreclosures fell -3.5% in 2017
9. Nevada
   1. Las Vegas had 500 foreclosures a month in Q4 2017 whereas inQ3 2017, Vegas averaged only 32 foreclosures/month, according to Attom
   2. Home repossessions rose in Q1 2018
10. New Mexico
    1. 1 of every 1,386 homes in foreclosure in 3/18, according to Realty Trac
    2. Pre-foreclosures increased +17.7% in 3/18, according to Realty Trac
    3. Bank-owned home repossessions increased +34.9%