Foreclosure Rates Going Down in Reno Area

By: Jennifer Hardy Email
By: Jennifer Hardy Email

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 180146861 - kolotv.com/a?a=180146861
Gray Television, Inc.