10 States With the Highest Foreclosure Rates in America


The worst of the housing downturn appears to be behind us, and while real estate markets around the country are improving, some states are still experiencing a struggle with taming foreclosures. According to RealtyTrac, the number of foreclosed properties stood at 1.8 million last year, down 2.7% from 2011 and 36% from 2010. But despite that, the 10 states that continue to have the highest foreclosure rates in the country still have a long way to go.

24/7 Wall St. identified those states still bogged down with the most number of homes in the foreclosure process. To determine the list, 24/7 used statistics on unemployment, home price changes and how many days in each state the foreclosure process takes. It turns out that one of the biggest reasons foreclosure rates remain high is because of the lengthy foreclosure process. Click through the gallery below to see the 10 states with the most homes in foreclosure.

Correction: An earlier version of this story included stats from the incorrect year.


See more on 24/7 Wall St.:
The 10 Most Counterfeited Products in America
The Best- and Worst-Run Cities in America
The Best Housing Markets for 2013

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.
See celebrity real estate.

Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.

Reader Comments (1)

1 Comments / 1 Pages


Compare Mortgage Rates

Mortgage Rates by Zillow