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What state has the highest foreclosure rate?
What state has the highest foreclosure rate?
Number 4: Ohio. Many people in Ohio are living paycheck to paycheck. There is also a housing shortage occurring.
Number 3: New Jersey. The issue with New Jersey is the lack of affordable homes. People are underwater with their mortgages and there is an unemployment problem in the state.
Number 2: Maryland. Foreclosures in Maryland can be partly attributed to lack of job opportunities. Many families are forced to have multiple jobs. The county with the most foreclsoures was Charles County which is actually the 39th highest income county in the USA. The majority of the population is black. 61% of the county is democrat.
Number 1: Illinois. Many people in Illinois can’t afford to move out of the state to escape the state’s unreasonably high tax rate, crimes, and other misguided state government policies. Employers have been leaving the state including Boeing, Caterpillar, and Citadel. Also, the foreclosure moratorium expired that was implemented during the pandemic.
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