Foreclosure Rates Going Down in Reno Area

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RENO, NV - Foreclosure rates in Reno-Sparks decreased for the month of September over the same period last year, according to newly released data from CoreLogic.

The CoreLogic data reveals that the rate of Reno-Sparks area foreclosures among outstanding mortgage loans was 3.88 percent for the month of September 2012, a decrease of 1.21 percentage points compared to September of 2011 when the rate was 5.09 percent. Foreclosure activity in Reno-Sparks was higher than the national foreclosure rate, which was 3.25 percent for September 2012.

Also in Reno-Sparks, the mortgage delinquency rate decreased. According to CoreLogic data for September 2012, 9.05 percent of mortgage loans were 90 days or more delinquent compared to 10.31 percent for the same period last year, representing a decrease of 1.26 percentage points.