Top 10 States With The Worst Foreclosure Rate

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This week ATTOM Data Solutions released its February 2019 foreclosure activity datasets, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 54,783 U.S. properties in February 2019, down 3 percent from the previous month and down 11 percent from a year ago – 8th consecutive annual decrease in foreclosure activity.

Foreclosure Rate Rankings

In keeping with ATTOM Data’s figures Friday posts and doing a bit of a deeper dive with the data, we wanted to uncover those top 10 states whose foreclosure activity is among the highest in the nation.

Topping the list is New Jersey with a foreclosure rate of 1 in every 1,006 housing units receiving a foreclosure filing in February 2019. Followed by Delaware (1 in every 1,008 housing units); Maryland (1 in every 1,193 housing units); Florida (1 in every 1,365 housing units); Illinois (1 in every 1,465 housing units); South Carolina (1 in every 1,615 housing units); Connecticut (1 in every 1,801 housing units); Ohio (1 in every 1,918 housing units); Nevada (1 in every 2,041 housing units); and rounding out the top 10 is Pennsylvania with 1 in every 2,205 housing units receiving a foreclosure filing in February 2019.

ATTOM Data also ranks at more granular geo levels, so if you are a real estate investor looking for areas with distressed properties…contact us now!

High Level Takeaways

A total of 29,735 U.S. properties started the foreclosure process in February 2019, up 1 percent from the previous month but still down 9 percent from a year ago.

    • Counter to the national trend, 13 states posted year-over-year increases in foreclosure starts in February 2019, including Florida (up 68 percent); Oregon (up 46 percent); Louisiana (up 34 percent); Illinois (up 9 percent); Texas (up 9 percent); and Colorado (up 3 percent).
    • Those metro areas with a population greater than 1 million that saw an annual increase in Foreclosure starts included Los Angeles, California (up 7 percent); Chicago, Illinois (up 15 percent); Houston, Texas (up 73 percent); Washington, D.C. (up 11 percent); and Miami, Florida (up 74 percent).

Banks repossessed 11,392 U.S. properties in February 2019, down 7 percent from the previous month and down 12 percent from a year ago.

Contact us now for a deeper data dive to create your own analytics.

Please contact us if you have questions about the underlying data referenced in this article, or would like to have access to that data in the form of custom reports, API, Bulk File or DaaS.

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