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Foreclosure Rates Fall in DC Area, Following Trend in Rest of the Country

by UrbanTurf Staff

Foreclosure Rates Fall in DC Area, Following Trend in Rest of the Country: Figure 1

Analytics firm CoreLogic is reporting that loan delinquency and foreclosure rates fell in the DC area in January.

The rate of homeowners in the DC area who were three months or more behind on their mortgage payments dropped to 5.35 percent in January, down from 5.94 percent in January 2012. The percentage of homeowners whose homes were being foreclosed on dropped from 2.37 percent to just above 2 percent during that period.

The trend that the DC area is experiencing is in line with what is going on in the rest of the country. The national delinquency rate (6.34%) and foreclosure rate (2.9%) both dropped in January.

See other articles related to: corelogic

This article originally published at http://dc.urbanturf.com/articles/blog/foreclosure_rates_fall_in_dc_following_trend_in_rest_of_the_country/6832

3 Comments

  1. um said at 7:24 pm on Monday March 25, 2013:
    Isn't there a forelocusure moroatorium in DC?
  1. D.B. said at 7:38 pm on Monday March 25, 2013:
    I think the moratorium expired a couple years ago and was replaced by a mediation process that gives owners a little more leeway to keep their homes. I could be wrong, but I remember hearing something to that effect awhile ago.
  1. Emilie Fairbanks said at 10:58 pm on Monday March 25, 2013:
    There continues to be a huge backlog of forclosures in DC due to complications in the mediation process. Forclosures are still essentially not happening in DC.

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