Black Politics

21 States See Rise in Foreclosure Rates

Even though national foreclosure rates have dipped slightly, 21 states have seen an increase in foreclosure rates. 

According to a Reality Trac report, markets on the East Coast and Midwest were hardest hit by foreclosure increases.

“February’s numbers point to a gradually rising foreclosure tide as some of the barriers that have been holding back foreclosures are removed,” said Brandon Moore, CEO of RealtyTrac said in a statement. “Although national foreclosure activity was pushed lower by decreases in a handful of larger states, 21 states posted annual increases in foreclosure activity, the most states with annual increases since November 2010.”

Also according to the report, Riverside-San-Bernardino, Atlanta, Phoenix, Miami and Chicago were the metro areas with the highest foreclosure rates.

Enhanced by Zemanta

Read More At Kulture Kritic

To Top