The American Nightmare: Ten Worst States For Foreclosure

  @Charressc.harress@ibtimes.com on September 25 2013 4:37 PM
Foreclosure sign is seen
Foreclosure sign is seen Reuters

Foreclosures in America have slowed to their lowest rates in eight years. Approximately 55,700 homes entered foreclosure in August, down by eight percent from July and 44 percent from last August.

The slowdown is reflective of the improving economy and a healthier employment market.

1 in every 1,019 housing units received a foreclosure filing in August 2013 across the United States. The average foreclosure sale price was $171,853.

However, some states still have rates of foreclosure that are above the national average. Here is the top ten.

1.       Nevada: 1 in every 359
2.       Florida: 1 in every 383
3.       Ohio: 1 in every 537
4.       Maryland: 1 in every 609
5.       Delaware: 1 in every 638
6.       Indiana: 1 in every 660
7.       Utah: 1 in every 697
8.       Illinois: 1 in every 725
9.       Connecticut: 1 in every 765
10.     South Carolina: 1 in every 813 

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