Part of the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act, passed by Congress and signed by President Donald Trump in March 2020, included temporary protections against foreclosure and evictions for homeowners holding federally backed mortgages. This emergency regulatory safeguard kept millions of Americans in their homes during the most economically crippling period of the pandemic. (These are the states where the most people own their homes.)
Thanks to the ongoing nationwide surge in home prices, many of these borrowers hold more equity in their homes than before the global viral outbreak. But not everyone emerged above water from this forbearance lifeline.
According to a recent analysis by property data provider ATTTOM, foreclosure filings hit a post-pandemic high in the first quarter of 2022, at 78,271, up 39% from the previous quarter and 132% from the same period last year. To find the states with the most foreclosures, 24/7 Wall St. reviewed foreclosure data from 2021 and 2022 provided by ATTOM Data Solutions. States are ranked by the number of foreclosures per 100,000 housing units.
Foreclosure activity is still 57% lower than it was in the first three months of 2020, but the return to normal is rapidly approaching. Foreclosures have declined in the 12 months through March 2022 in only three states — Alaska and the Dakotas — while foreclosure activity jumped by well over 200% in five states — New York, New Jersey, Colorado, Nevada, and Michigan. Foreclosure activity shot up nearly 500% in Nevada and Michigan. Nationwide, foreclosure activity rose 135%.
Chicago, New York City, Los Angeles, Houston, and Philadelphia had the greatest number of foreclosure filings. For cities with populations under 200,000, the highest foreclosure rates took place in Cleveland, Ohio; Atlantic City, New Jersey; Jacksonville, North Carolina; Rockford, Illinois; and Columbia, South Carolina. (See also the city with the highest housing costs in every state.)
In three states — Wyoming, Louisiana, and Mississippi — underwater mortgages accounted for between 10% and 17% of all mortgages, the most among states. An underwater mortgage is when a home is worth less than the money owed on the mortgage.
Here is the state with the worst foreclosure rate this year
50. South Dakota
> Foreclosure rate, Q1 2022: 5.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: -8.3%
> Mortgages seriously underwater, Q1 2022: 4.8%
> Total housing units: 389,921
[in-text-ad]
49. Vermont
> Foreclosure rate, Q1 2022: 7.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +200.0%
> Mortgages seriously underwater, Q1 2022: 1.1%
> Total housing units: 334,318
48. West Virginia
> Foreclosure rate, Q1 2022: 9.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +119.4%
> Mortgages seriously underwater, Q1 2022: 6.0%
> Total housing units: 855,635
47. North Dakota
> Foreclosure rate, Q1 2022: 9.4 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: -12.5%
> Mortgages seriously underwater, Q1 2022: 5.3%
> Total housing units: 370,642
[in-text-ad-2]
46. Oregon
> Foreclosure rate, Q1 2022: 13.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +95.9%
> Mortgages seriously underwater, Q1 2022: 1.3%
> Total housing units: 1,813,747
45. Montana
> Foreclosure rate, Q1 2022: 15.0 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +97.4%
> Mortgages seriously underwater, Q1 2022: 3.0%
> Total housing units: 514,803
[in-text-ad]
44. Alaska
> Foreclosure rate, Q1 2022: 16.4 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: -32.5%
> Mortgages seriously underwater, Q1 2022: 2.6%
> Total housing units: 317,524
24/7 Wall St.
43. Idaho
> Foreclosure rate, Q1 2022: 16.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +111.9%
> Mortgages seriously underwater, Q1 2022: 1.6%
> Total housing units: 751,859
42. Washington
> Foreclosure rate, Q1 2022: 20.1 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +109.4%
> Mortgages seriously underwater, Q1 2022: 1.2%
> Total housing units: 3,202,241
[in-text-ad-2]
41. Kentucky
> Foreclosure rate, Q1 2022: 20.9 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: + 7.8%
> Mortgages seriously underwater, Q1 2022: 6.3%
> Total housing units: 1,994,323
40. Kansas
> Foreclosure rate, Q1 2022: 21.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +147.7%
> Mortgages seriously underwater, Q1 2022: 6.1%
> Total housing units: 1,275,689
[in-text-ad]
39. Rhode Island
> Foreclosure rate, Q1 2022: 29.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +147.4%
> Mortgages seriously underwater, Q1 2022: 1.3%
> Total housing units: 483,474
24/7 Wall St.
38. New Hampshire
> Foreclosure rate, Q1 2022: 30.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +96.9%
> Mortgages seriously underwater, Q1 2022: 1.5%
> Total housing units: 638,795
37. Minnesota
> Foreclosure rate, Q1 2022: 31.1 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +170.3%
> Mortgages seriously underwater, Q1 2022: 2.8%
> Total housing units: 2,485,558
[in-text-ad-2]
36. Nebraska
> Foreclosure rate, Q1 2022: 31.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +178.1%
> Mortgages seriously underwater, Q1 2022: 4.2%
> Total housing units: 844,278
35. Massachusetts
> Foreclosure rate, Q1 2022: 32.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +68.3%
> Mortgages seriously underwater, Q1 2022: 1.5%
> Total housing units: 2,998,537
[in-text-ad]
34. Arkansas
> Foreclosure rate, Q1 2022: 32.3 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +143.6%
> Mortgages seriously underwater, Q1 2022: 6.1%
> Total housing units: 1,365,265
33. Mississippi
> Foreclosure rate, Q1 2022: 32.8 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +73.2%
> Mortgages seriously underwater, Q1 2022: 17.0%
> Total housing units: 1,319,945
32. Colorado
> Foreclosure rate, Q1 2022: 33.3 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +385.4%
> Mortgages seriously underwater, Q1 2022: 1.7%
> Total housing units: 2,491,404
[in-text-ad-2]
31. Wyoming
> Foreclosure rate, Q1 2022: 34.2 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +14.8%
> Mortgages seriously underwater, Q1 2022: 10.0%
> Total housing units: 271,887
30. Hawaii
> Foreclosure rate, Q1 2022: 34.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +84.8%
> Mortgages seriously underwater, Q1 2022: 1.4%
> Total housing units: 561,066
[in-text-ad]
29. Virginia
> Foreclosure rate, Q1 2022: 35.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +118.9%
> Mortgages seriously underwater, Q1 2022: 2.9%
> Total housing units: 3,618,247
28. Tennessee
> Foreclosure rate, Q1 2022: 35.8 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +125.4%
> Mortgages seriously underwater, Q1 2022: 2.9%
> Total housing units: 3,031,605
27. Wisconsin
> Foreclosure rate, Q1 2022: 36.0 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +42.3%
> Mortgages seriously underwater, Q1 2022: 4.5%
> Total housing units: 2,727,726
[in-text-ad-2]
26. New York
> Foreclosure rate, Q1 2022: 37.9 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +261.6%
> Mortgages seriously underwater, Q1 2022: 2.7%
> Total housing units: 8,488,066
25. New Mexico
> Foreclosure rate, Q1 2022: 40.0 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +44.1%
> Mortgages seriously underwater, Q1 2022: 3.2%
> Total housing units: 940,859
[in-text-ad]
24. Missouri
> Foreclosure rate, Q1 2022: 41.3 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +75.7%
> Mortgages seriously underwater, Q1 2022: 6.6%
> Total housing units: 2,786,621
24/7 Wall St.
23. Texas
> Foreclosure rate, Q1 2022: 43.0 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +130.3%
> Mortgages seriously underwater, Q1 2022: 2.5%
> Total housing units: 11,589,324
22. Louisiana
> Foreclosure rate, Q1 2022: 43.7 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +18.7%
> Mortgages seriously underwater, Q1 2022: 11.3%
> Total housing units: 2,073,200
[in-text-ad-2]
21. Pennsylvania
> Foreclosure rate, Q1 2022: 47.0 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +102.1%
> Mortgages seriously underwater, Q1 2022: 5.2%
> Total housing units: 5,742,828
20. North Carolina
> Foreclosure rate, Q1 2022: 48.1 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +102.6%
> Mortgages seriously underwater, Q1 2022: 2.6%
> Total housing units: 4,708,710
[in-text-ad]
19. Utah
> Foreclosure rate, Q1 2022: 48.5 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +71.2%
> Mortgages seriously underwater, Q1 2022: 1.4%
> Total housing units: 1,151,414
18. Alabama
> Foreclosure rate, Q1 2022: 49.9 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +78.9%
> Mortgages seriously underwater, Q1 2022: 4.6%
> Total housing units: 2,288,330
17. Maine
> Foreclosure rate, Q1 2022: 50.5 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +81.1%
> Mortgages seriously underwater, Q1 2022: 3.1%
> Total housing units: 739,072
[in-text-ad-2]
16. Iowa
> Foreclosure rate, Q1 2022: 51.5 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +78.0%
> Mortgages seriously underwater, Q1 2022: 7.4%
> Total housing units: 1,412,789
15. Arizona
> Foreclosure rate, Q1 2022: 53.7 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +134.2%
> Mortgages seriously underwater, Q1 2022: 1.4%
> Total housing units: 3,082,000
[in-text-ad]
14. Connecticut
> Foreclosure rate, Q1 2022: 53.8 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +120.3%
> Mortgages seriously underwater, Q1 2022: 4.0%
> Total housing units: 1,530,197
13. Oklahoma
> Foreclosure rate, Q1 2022: 54.7 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +111.5%
> Mortgages seriously underwater, Q1 2022: 4.8%
> Total housing units: 1,746,807
12. California
> Foreclosure rate, Q1 2022: 57.3 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +119.6%
> Mortgages seriously underwater, Q1 2022: 1.2%
> Total housing units: 14,392,140
[in-text-ad-2]
11. Maryland
> Foreclosure rate, Q1 2022: 58.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +132.4%
> Mortgages seriously underwater, Q1 2022: 3.2%
> Total housing units: 2,530,844
10. Georgia
> Foreclosure rate, Q1 2022: 58.8 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +123.6%
> Mortgages seriously underwater, Q1 2022: 3.2%
> Total housing units: 4,410,956
[in-text-ad]
9. Michigan
> Foreclosure rate, Q1 2022: 70.1 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +490.2%
> Mortgages seriously underwater, Q1 2022: 3.8%
> Total housing units: 4,570,173
8. Florida
> Foreclosure rate, Q1 2022: 82.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +92.9%
> Mortgages seriously underwater, Q1 2022: 1.4%
> Total housing units: 9,865,350
7. Indiana
> Foreclosure rate, Q1 2022: 82.6 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +100.6%
> Mortgages seriously underwater, Q1 2022: 3.9%
> Total housing units: 2,923,175
[in-text-ad-2]
6. Delaware
> Foreclosure rate, Q1 2022: 86.0 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +52.0%
> Mortgages seriously underwater, Q1 2022: 4.5%
> Total housing units: 448,735
5. Nevada
> Foreclosure rate, Q1 2022: 91.7 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +487.5%
> Mortgages seriously underwater, Q1 2022: 1.2%
> Total housing units: 1,281,018
[in-text-ad]
4. South Carolina
> Foreclosure rate, Q1 2022: 92.5 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +158.9%
> Mortgages seriously underwater, Q1 2022: 3.4%
> Total housing units: 2,344,963
24/7 Wall St.
3. Ohio
> Foreclosure rate, Q1 2022: 100.9 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +154.2%
> Mortgages seriously underwater, Q1 2022: 5.3%
> Total housing units: 5,242,524
2. New Jersey
> Foreclosure rate, Q1 2022: 126.3 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +311.8%
> Mortgages seriously underwater, Q1 2022: 2.9%
> Total housing units: 3,761,229
[in-text-ad-2]
1. Illinois
> Foreclosure rate, Q1 2022: 126.4 per 100,000 homes
> Chg. in foreclosure filings, Q1 2021 to Q1 2022: +178.4%
> Mortgages seriously underwater, Q1 2022: 7.2%
> Total housing units: 5,426,429
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.