An annual report by Corelogic calculated the foreclosure rate for each state across the United States and the District of Columbia.
According to the report, there was a 9.4 percent year-over-year decline from May 2013 to May 2014. The top five states that account for almost half of all completed foreclosures nationally are Florida, Michigan, Texas, California, and Georgia.
Click on a state to see its foreclosure inventory percentage (the number of mortgaged homes moved into foreclosure), change in foreclosure inventory from the pervious year, completed foreclosures (12 months ending May 2014), and serious delinquency rate. According to Corelogic the national foreclosure inventory rate is 1.7%, change in foreclosure inventory from the previous year is -0.9%, complete foreclosures is 594,945, serious delinquency rate is 4.4%.
States in darker red had a higher foreclosure inventory percentage than states in lighter red.
The report states that in non-judicial states, lenders can issue notices of default directly to the borrower without court intervention. In judicial states, lenders must provide evidence to courts in order to move a borrower into foreclosure. Read the full report