Ten states with the highest increase in foreclosures

It’s not spring yet, but mortgage lenders have started cleaning out the old. Repossessions jumped 23% in the first month of 2015 as compared to the same month in 2014. According to the January RealtyTrac Foreclosure Market Report, there was a 55% increase in repossessions between December 2014 and January 2015. Overall, foreclosures are declining, but certain states have seen a significant uptick in auction notices, foreclosures, and repossession notices. The ten following states have experienced an upturn in property seizures.

Foreclosure USA

  1. Montana experienced a 65.22% increase in repossessions from January 2014 to January 2015. Only 38 properties were repossessed in January; however, with such a small market for foreclosed homes, a small increase can create a significant percentage increase year over year.
  1. Washington experienced a 74.6% increase in repossessions from January 2014 to January 2015. With the 10th-highest foreclosure rate and one in 888 homes or businesses on the line, there was a 247.8% increase between December 2014 and January 2015.
  1. Alabama experienced a 77.64% increase in repossessions from January 2014 to January 2015. Alabama’s foreclosure rate had started to slip down in the rankings, but they still had one in every 1945 houses or businesses in some level of foreclosure.
  1. Nebraska experienced an 88.24% increase in repossessions from January 2014 to January 2015. Nebraska had a lower repossession rate than the majority of the country with only 32 houses foreclosed. Still, one in every 3589 properties entered into a stage in foreclosure in Nebraska in January of this year.
  1. Maryland experienced a 99.8% increase in repossessions from January 2014 to January 2015. While Maryland’s foreclosure rate is declining, it still has the third highest rate of repossession in the country. One in every 611 home or business was repossessed last year.
  1. New Jersey experienced a 116.39% increase in repossessions from January 2014 to January 2015. One in every 773 mortgage was foreclosed last year, and New Jersey was leading the nation in foreclosures for several months running.
  1. Idaho experienced a 159.78% increase in repossessions from January 2014 to January 2015. Idaho had a very rough start to the year, and the state had a 313.51% increase in foreclosure starts.
  1. Ohio experienced a 197.48% increase in repossessions from January 2014 to January 2015. Idaho has the 11th-highest foreclosure rate in the U.S
  1. Mississippi experienced a 203.64% increase in repossessions from January 2014 to January 2015. One in 4483 homes or businesses were in foreclosure representing a steep increase year over year.
  1. Vermont experienced a 280% increase in repossessions from January 2014 to January 2015. While Vermont had some of the lowest foreclosure rates, it’s relatively small total population still had 11,533 homes or businesses seized.

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