Home | Newsletter | Advertise
loading...

Foreclosure Filings Up 42 Percent in DC

  • May 13th 2009

by Mark Wellborn

✉️ Want to forward this article? Click here.

Foreclosure filings in DC were up 42 percent from a year ago, according to the Washington Business Journal. In April, foreclosures were 21 percent higher in the District than in March.

The numbers in Virginia and Maryland were better, though. In Virginia, defaults increased just five percent to 6,254 and foreclosures actually dropped 39 percent in Maryland to 3,613.

The only category where DC seemed to fare well compared to its neighbors was when it came to rate of default:

“Virginia has the highest rate of default among the three jurisdictions with one in 524 homes receiving a foreclosure notice. Maryland is next with a default rate of one in every 642 homes. The District’s default rate is the lowest at one in every 714 homes.”

This article originally published at https://dc.urbanturf.com/articles/blog/foreclosure_filings_up_42_percent_in_dc/907.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse