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Despite the housing market being on the rebound, foreclosures are rising again. MarketWatch’s Jim Jelter discusses five U.S. states with the highest foreclosure rates. (Photo: Getty Images).
Top 5 states with the most and least foreclosures. Click below for the five states with the lowest number of foreclosures, and the states with the highest foreclosure inventory as a percentage.
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The number of foreclosures has reached a record high in the United States; the Mortgage Bankers Association (MBA) reported in 2008 that more than 900,000.
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Florida Still Ranks High In Number Of Foreclosures – Tampa, FL – Florida ranked among the top states with the highest number of legacy foreclosures on loans originated between 2004 and 2008.
Overall, 1 in ever 1,620 homes in the United States is in the foreclosure process. The states with the highest concentration in the country right now are New Jersey (1 in 512), Delaware (1 in 742), and Maryland (1 in 997). Other states with high levels or foreclosure are Illinois and Nevada.
list button It’s no secret that New Jersey has a foreclosure problem. In fact, it’s the state with the second-highest foreclosure rate, after Florida, according to realtytrac.com, And as NJ Spotlight.
Despite a downward trend nationwide, Maryland’s foreclosure rate for 2015 was among the highest in the U.S. RealtyTrac, an online housing data group, released a report Thursday that showed foreclosure.
Maryland had the fifth-highest rate of new foreclosure cases in the nation during. Still, there’s a ways to go before the state gets back to normal. Fewer than 5 percent of Marylanders were behind.
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Foreclosures have fallen by double-digit percentages nationwide, but in a few pockets, foreclosures still remain problematic. In five states alone, foreclosures accounted for nearly half of all completed foreclosures nationwide. According to CoreLogic’s latest foreclosure report, the following five states had the highest number of foreclosures for the 12 months ending in August: Florida.
Nate Paul’s World Class Holdings has gained some breathing room in its effort to avert foreclosures on a handful of high. According to the Texas Secretary of State’s Office, ATX Lender 5 was formed.