HUD Articles
This Is the State With the Most Foreclosures By Douglas A. McIntyre
June 13, 2022
To identify the state with the most foreclosures, 24/7 Wall St. reviewed the report U.S. Foreclosure Activity Sets Post Pandemic Highs in First Quarter of 2022 from ATTOM Data Solutions. States are ranked by the foreclosure rate -- the number of total properties with foreclosure filings per housing units, from lowest to highest.
Nationwide, there was one foreclosure per every 1,795 housing units. The state with the highest foreclosure rate was Illinois, where one out of every 791 housing units was in foreclosure,, followed closely by New Jersey at 1 per 792. South Dakota, meanwhile, had the lowest foreclosure rate, at 1 in every 17,724 housing units.
California, the most populous state, led all states with 5,378 properties that began the foreclosure process in the first quarter, out of the national total of 50,759. Total foreclosures in California in the quarter were also the highest of all states and amounted to 8,243, or 1 in every 1,746 -- the 12th highest foreclosure rate.
