What States had the Highest Foreclosure Rates in 2015?

[Corey Dutton]

Thirty-three states in the U.S. saw increases in foreclosures over the 3rd quarter last year. The U.S. as a whole saw a 3 percent year-over-year increase. This increase in foreclosure activity is partly due to the backlog of foreclosures in States with legal red tape. This has held much of this foreclosure activity back for many years in several U.S. States. In States like New Jersey, with foreclosure timelines of over 1,000 days, there is a large backlog of foreclosures. This has put New Jersey at the top of the list of States with the highest rates of foreclosure in 2015, along with some other States with the same legal red tape as New Jersey. So what U.S. States had the highest rates of foreclosure this year?

1. New Jersey
2. Florida
3. Nevada
4. Maryland
5. Illinois

Many of you reading this were probably not surprised to see these States on the list. Some other States on the list are New Mexico, Ohio, and Georgia.