10 States Facing the Most Foreclosures Right Now

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This summer there’s some good news. June foreclosure activity has dropped to its lowest level since November 2015. In June 2017, there were a total of 73,828 U.S. properties with a foreclosure filing, down 22% from a year ago and even more from previous years.

This is all according to ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, which released its Midyear 2017 U.S. Foreclosure Market Report, showing a total of 428,400 U.S. properties with foreclosure filings. This includes default notices, scheduled auctions or bank repossessions that occurred in the first six months of 2017. Data has been collected from more than 2,200 counties nationwide, with those counties accounting for more than 90% of the U.S. population.

Although the study is full of foreclosures, they’ve become fairly rare in the housing market.

“With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” said Daren Blomquist, senior vice president with ATTOM Data Solutions.

As homeowners stay on top of their mortgages and housing payments, fewer foreclosures have been occurring. (If you’ve been faced with foreclosure, you’ll likely see the damage to your credit score. Not sure? You can see two of your credit scores for free on Credit.com).

Here are the ten states with the highest foreclosure rates as of June 2017.

10. New Mexico

June 2017 Foreclosure Rate: 1 in every 272 housing units

Change from January to June 2016: Down 10.57%

Change from January to June 2015: Up 1.77%

9. Ohio

June 2017 Foreclosure Rate: 1 in every 229 housing units

Change from January to June 2016: Down 18.49%

Change from January to June 2015: Down 24.33%

8. South Carolina

June 2017 Foreclosure Rate: 1 in every 221 housing units

Change from January to June 2016: Down 15.05%

Change from January to June 2015: Down 14.31%

7. Florida

June 2017 Foreclosure Rate: 1 in every 217 housing units

Change from January to June 2016: Down 33.60%

Change from January to June 2015: Down 56%

6. Nevada

June 2017 Foreclosure Rate: 1 in every 215 housing units

Change from January to June 2016: Down 30.59%

Change from January to June 2015: Down 40.45%

5. Connecticut

June 2017 Foreclosure Rate: 1 in every 200 housing units

Change from January to June 2016: Up 3.19%

Change from January to June 2015: Up 44.75%

4. Illinois

June 2017 Foreclosure Rate: 1 in every 183 housing units

Change from January to June 2016: Down 10.19%

Change from January to June 2015: Down 25.78%

3. Maryland

June 2017 Foreclosure Rate: 1 in every 161 housing units

Change from January to June 2016: Down 30.62%

Change from January to June 2015: Down 31.55%

2. Delaware

June 2017 Foreclosure Rate: 1 in every 137 housing units

Change from January to June 2016: Down 6.48%

Change from January to June 2015: Up 20.42%

1. New Jersey

June 2017 Foreclosure Rate: 1 in every 101 housing units

Change from January to June 2016: Up 1.8%

Change from January to June 2015: Up 8.53%

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10 States Suffering the Most From Foreclosures

Foreclosures declined for the 20th consecutive month year-over-year, but were still high in these 10 states.

Foreclosures in May were down 19% from the previous year, the 20th straight month of year-over-year declines, according to data released by ATTOM Data Solutions.

A total of 81,495 U.S. properties had a foreclosure filing in May, or one in every 1,636 units. Despite the declines, some states continue to struggle with foreclosures, particularly New Jersey, where foreclosure rates are high in communities like Atlantic City and Trenton.

A foreclosure can wreak havoc on a homeowner’s credit. You can see how your mortgage or foreclosure is affecting your credit score by checking your free credit report summary on Credit.com.

Here are the ten states with the highest foreclosure rates.

10. South Carolina

May 2017 Foreclosure Rate: 1 in every 1,186 housing units

Change from April 2017: Up 1.89% (was No. 8)

Change from May 2016: Down 20.41% (was No. 7)

9. Ohio

May 2017 Foreclosure Rate: 1 in every 1,176 housing units

Change from April 2017: Up 8.25% (was No. 9)

Change from May 2016: Down 16.84% (was No. 9)

8. New Mexico

May 2017 Foreclosure Rate: 1 in every 1,168 housing units

Change from April 2017: Up 73.50% (was No. 20)

Change from May 2016: Down 11.38% (was No. 10)

7. Florida

May 2017 Foreclosure Rate: 1 in every 1,140 housing units

Change from April 2017: Up 5.38% (was No. 7)

Change from May 2016: Down 35.00% (was No. 4)

6. Nevada

May 2017 Foreclosure Rate: 1 in every 1,108 housing units

Change from April 2017: Up 2.87% (was No. 6)

Change from May 2016: Down 22.76% (was No. 5)

5. Oklahoma

May 2017 Foreclosure Rate: 1 in every 1,081 housing units

Change from April 2017: Up 81.53% (was No. 19)

Change from May 2016: Up 63.84% (was No. 26)

4. Illinois

May 2017 Foreclosure Rate: 1 in every 1,057 housing units

Change from April 2017: Up 2.47% (was No. 5)

Change from May 2016: Down 16.90% (was No. 6)

3. Maryland

May 2017 Foreclosure Rate: 1 in every 1,006 housing units

Change from April 2017: Down 22.94% (was No. 3)

Change from May 2016: Down 30.80% (was No. 2)

2. Delaware

May 2017 Foreclosure Rate: 1 in every 753 housing units

Change from April 2017: Down 6.30% (was No. 2)

Change from May 2016: Down 4.18% (was No. 3)

1. New Jersey

May 2017 Foreclosure Rate: 1 in every 515 housing units

Change from April 2017: Up 9.29% (was No. 1)

Change from May 2016: Up 8.81% (was No. 1)

Image: mactrunk 

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10 States Where Foreclosures Still Reign Supreme

Nationwide foreclosure activity reached its lowest level in a decade but remains high in some areas.

Foreclosure filings in April reached the lowest level since November 2005, according to data from ATTOM Data Solutions.

Mortgages originated in the past seven years have performed relatively well, keeping foreclosure activity down, said Daren Blomquist, senior vice president at ATTOM.

“Meanwhile, we are seeing an elevated share of repeat foreclosures on homeowners who often fell in default several years ago but have not been able to avoid foreclosure despite the housing recovery,” he said.

New Jersey continues to have the highest foreclosure rate in the nation, thanks in part to communities like Atlantic City and Trenton, where many housing units had foreclosure filings.

Newer Mortgages Are Performing Well

A shrinking number of U.S. properties started the foreclosure process in April. The 34,085 foreclosure starts for the month are well below the pre-recession average of 77,000.

A foreclosure can devastate a homeowner’s credit. You can see how your mortgage or foreclosure is affecting your credit by reviewing your free credit report summary on Credit.com.

While foreclosures dropped nationwide, many states continue to struggle. Here are the 10 with the highest foreclosure rates.

10. Massachusetts

April 2017 Foreclosure Rate: 1 in every 1,329 housing units

Change from March 2017: Up 25.78% (was No. 19)

Change from April 2016: Up 2.95% (was No. 14)

9. Ohio

April 2017 Foreclosure Rate: 1 in every 1,273 housing units

Change from March 2017: Down 9.16% (was No. 8)

Change from April 2016: Down 23.66% (was No. 8)

8. South Carolina

April 2017 Foreclosure Rate: 1 in every 1,209 housing units

Change from March 2017: Down 14.29% (was No. 6)

Change from April 2016: Down 20.96% (was No. 7)

7. Florida

April 2017 Foreclosure Rate: 1 in every 1,202 housing units

Change from March 2017: Up 3.63% (was No. 9)

Change from April 2016: Down 38.90% (was No. 4)

6. Nevada

April 2017 Foreclosure Rate: 1 in every 1,140 housing units

Change from March 2017: Down 24.80% (was No. 3)

Change from April 2016: Down 33.42% (was No. 5)

5. Illinois

April 2017 Foreclosure Rate: 1 in every 1,083 housing units

Change from March 2017: Down 20.34% (was No. 5)

Change from April 2016: Down 12.98% (was No. 6)

4. Connecticut

April 2017 Foreclosure Rate: 1 in every 956 housing units

Change from March 2017: Up 20.91% (was No. 7)

Change from April 2016: Up 29.22% (was No. 11)

3. Maryland

April 2017 Foreclosure Rate: 1 in every 776 housing units

Change from March 2017: Up 5.68% (was No. 2)

Change from April 2016: Down 29.38% (was No. 1)

2. Delaware

April 2017 Foreclosure Rate: 1 in every 706 housing units

Change from March 2017: Up 21.53% (was No. 4)

Change from April 2016: Down 10.38% (was No. 3)

1. New Jersey

April 2017 Foreclosure Rate: 1 in every 562 housing units

Change from March 2017: Down 11.59% (was No. 1)

Change from April 2016: Up 0.63% (was No. 2)

Image: fstop123 

 

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Foreclosure Picture Improves, but Some States Drag Behind

Foreclosures reached an 11-year low in February, but not every state is doing so well.

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10 States Where Foreclosures Are Most Common

The foreclosure rate in the U.S. continues its slow decline, but some states haven't seen much improvement.

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10 States Where Foreclosures Are Incredibly Common

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10 States With Foreclosure Problems That Just Won’t Quit

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The States Still Dealing With a Foreclosure Glut

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10 States With the Biggest Foreclosure Problems

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