Top Foreclosure Markets for 2015

foreclosure states

The real estate bubble and subsequent market crash that occurred in 2008-2009 has created a massive backlog of foreclosures. While the real estate market has been correcting over the last 6 years, the backlogs have slowly been drying up. However, there are still plenty of opportunities left as banks unload their remaining foreclosure inventories. The top 10 states for foreclosures in 2015 as reported in a BankRate article with statistics are listed below. These numbers are for November of 2014. The national average for foreclosures are 1 in 1170 housing units producing a foreclosure filing.

Florida

1 in 462 housing units posted a foreclosure, down 3.9% from the previous month

New Jersey

1 in 478 housing units posted a foreclosure, up 83.58% from the previous month

Maryland

1 in 581 housing units posted a foreclosure, down 31.1% from the previous month

Delaware

1 in 693 housing units posted a foreclosure, up 8.52% from the previous month

Utah

1 in 750 housing units posted a foreclosure, up 27.54% from the previous month

For an article about the hot real estate markets for 2015 Click here.

Continue reading about the top foreclosure markets below or for the next five states goto BankRate.

In another article some of the top markets for foreclosures are in Florida. The top 10 cities with the highest foreclosure rates as of June 2014 according to 24/7wallst are listed below.

Palm Bay-Melbourne-Titusville, Fla.: 1 in every 303 housing units

Deltona-Daytona Beach-Ormond Beach, Fla.: 1 in every 314 housing units

Orlando-Kissimmee, Fla.: 1 in every 336 housing units

Lakeland, Fla.: 1 in every 379 housing units

Port St. Lucie, Fla.: 1 in every 381 housing units

Ocala, Fla.: 1 in every 384 housing units

Tampa-St. Petersburg-Clearwater, Fla.: 1 in every 386 housing units

Miami-Fort Lauderdale-Pompano Beach, Fla.: 1 in every 405 housing units

Rockford, Ill.: 1 in every 450 housing units

York-Hanover, Pa.: 1 in every 478 housing units

For more on the highest foreclosure cities click here.