The housing market may not be the bright spot of the recovery, especially as more people are starting to lose their homes.
According to the real-estate information company RealtyTrac, foreclosures rose in the third quarter from this time last year, and many states are seeing significant increases.
"The widespread rise in foreclosure activity in the third quarter compared to a year ago is the result of two starkly different trends taking place," Daren Blomquist, vice president at RealtyTrac, said in the report. "In states such as New Jersey, Massachusetts, and New York, a flood of deferred distress from the last housing crisis is finally spilling over the legislative and legal dams that have held back some foreclosure activity for years."
Thirty-three states had year-over-year increases in foreclosure activity, and the country registered a 3% increase as a whole.
Bank repossessions, one of the better-known types of foreclosure activity, increased 66% in the third quarter from the same time period in 2014, with a total of 123,040 properties seized.
RealtyTrac also included a breakdown of each state's foreclosure information. We've compiled the 12 states with higher foreclosure rates than the national average, which was one house out of every 407. Each state also includes the change in foreclosure activity from the third quarter last year and the total number of properties involved in foreclosure.
Check it out below from lowest foreclosure rate to highest.
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12. Delaware
Foreclosure rate: 1 in 385
Total Properties with Foreclosure Filings:1,059
Year-over-year Foreclosure Change:-20.50%
Source: RealtyTrac
11. North Carolina
Foreclosure rate: 1 in 378
Total Properties with Foreclosure Filings:11,496
Year-over-year Foreclosure Change: 7.00%
Source: RealtyTrac
10. Indiana
Foreclosure rate: 1 in 353
Total Properties with Foreclosure Filings:7,940
Year-over-year Foreclosure Change: -6.88%
Source: RealtyTrac
9. Georgia
Foreclosure rate: 1 in 337
Total Properties with Foreclosure Filings:12,136
Year-over-year Foreclosure Change: -11.73%
Source: RealtyTrac
8. Ohio
Foreclosure rate: 1 in 334
Total Properties with Foreclosure Filings: 15,331
Year-over-year Foreclosure Change: -8.54%
Source: RealtyTrac
7. New Mexico
Foreclosure rate: 1 in 322
Total Properties with Foreclosure Filings: 2,800
Year-over-year Foreclosure Change: 137.89%
Source: RealtyTrac
6. South Carolina
Foreclosure rate: 1 in 311
Total Properties with Foreclosure Filings: 6,889
Year-over-year Foreclosure Change: 7.91%
Source: RealtyTrac
5. Illinois
Foreclosure rate: 1 in 281
Total Properties with Foreclosure Filings: 18,856
Year-over-year Foreclosure Change: -4.62%
Source: RealtyTrac
4. Maryland
Foreclosure rate: 1 in 220
Total Properties with Foreclosure Filings:1,059
Year-over-year Foreclosure Change: -6.69%
Source: RealtyTrac
3. Nevada
Foreclosure rate: 1 in 194
Total Properties with Foreclosure Filings: 6,066
Year-over-year Foreclosure Change: 13.15%
Source: RealtyTrac
2. Florida
Foreclosure rate: 1 in 186
Total Properties with Foreclosure Filings: 48,462
Year-over-year Foreclosure Change:-17.28%
Source: RealtyTrac
1. New Jersey
Foreclosure rate: 1 in 171
Total Properties with Foreclosure Filings: 20,812
Year-over-year Foreclosure Change: 27.36%
Source: RealtyTrac
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