![map-states-most-foreclosures](https://d2c13moo8u717n.cloudfront.net/wp-content/uploads/sites/11/2024/02/26131525/map-states-most-foreclosures.png)
Important Takeaways:
- Home foreclosures shoot up 10% amid soaring interest rates, job losses and higher grocery and utility bills eating into earnings – here are the state’s WORST affected
- Home foreclosures are on the up across the US as Americans continue to battle against soaring interest rates and rising costs.
- Last month, 37,679 properties had a foreclosure filing, according to fresh figures from real estate data provider ATTOM – up 10 percent from the month prior.
- Foreclosure occurs when an owner can no longer make their monthly mortgage payments and must forfeit the rights to their property as a result. Foreclosure filings include default notices, scheduled auctions and bank repossessions.
- The figures lay bare a growing housing affordability crisis in the US. But a disparity remains across America, with some states faring much worse than others.
- Delaware recorded the highest number of filings last month, with one for every 2,269 housing units.
- Nevada had the second highest number of foreclosure filings in January – at one in every 2,272 housing units.
- Indiana had one in every 2,499 housing units, Maryland had one in every 2,588 and New Jersey had one in every 2,647.
- Foreclosures have been on the rise since the end of 2021, as banks make up for lost time after state and federal foreclosure bans expired.
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