Local foreclosure, delinquency rates fall

1/31/2012

The mortgage delinquency rate and the foreclosure rate in metro Toledo decreased in November, according to new data by Core- Logic Inc., a California real estate data tracking firm.

Homeowners 90 days or more delinquent on payments were 6.54 percent of total area mortgage holders, down from 6.96 percent for the same month a year earlier. Meanwhile, the foreclosure rate was 3.45 percent of all outstanding mortgages, down from 3.52 percent a year earlier, CoreLogic said.

The Ohio foreclosure rate for November was 3.5 percent, and the national rate was 3.41 percent. The state mortgage delinquency rate was 6.85 percent in November, and the national rate was 7.23 percent.