The level of foreclosure is generally improved nationwide. Of course, this varies widely from state to state. In fact, most people are surprised to learn which state has the best foreclosure rate. At the moment, it is Maryland that has the highest foreclosure rate in the nation, not the average first guess.
Most people associate the highest foreclosure rates such as Florida, Nevada, or perhaps New Jersey. Both of them are in the top five as well as Delaware, but Maryland is all reversing.
All the statistics listed here are those of RealtyTrac and reflect the latest April 2016 data. According to these figures, Maryland fee has 1 for every 535 houses. Nationwide, as this number is one for every 1,212 houses, Maryland 's rate is more than twice the national rate, 19% vs. 0.08%.
As mentioned earlier, Delaware continues to Maryland, with one base in 579 New Jersey, one base in 662 homes, one base in 702 houses in Nevada and one in 727 houses in Florida.
Within Maryland, of course, there are major differences in the foreclosure rates of different cities and counties. The five highest county rates in the province are Baltimore City, one in 287 households, one in 357 houses in Prince George County, one in 395 houses in Charles County, one in Washington County 457 homes, and Calvert county, one for each 459 house.
Meanwhile, Montgomery County lives only in 1,359 households subject to foreclosure. Not only is it less than half of Maryland as a whole, it is better than that in the whole country. Still, if you look down on the statistics of the city, there is a certain town in Montgomery County, where the foreclosure rate is much worse, such as Barnesville, one for every 89 houses of foreclosure, one garret park for every 324 houses. The same level of inequality can be seen in other counties.
There are many different potential courses of actions to take for home owners facing foreclosure. There is a possibility of going bankrupt before the foreclosure auction is completed. In this case it may even be possible to stop foreclosure and protect the house. Please consult with an experienced bankruptcy attorney in your area to teach what you can do and to provide the necessary support.
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