CoreLogic survey shows Jackson foreclosures dropped in August

October 27, 2011

Banking & Finance, Real Estate

Foreclosure rates in Jackson decreased in August over the same period last year, according to CoreLogic, a California real estate research firm.

The CoreLogic data shows that the rate of Jackson area foreclosures among outstanding mortgage loans was 2.22 percent for August, a decrease of 0.06 percentage points compared to August of 2010 when the rate was 2.28 percent..

Foreclosure activity in Jackson is lower than the national foreclosure rate which was 3.43 percent for August 2011, representing a 1.21 percentage point difference.

Also in Jackson, the mortgage delinquency rate has decreased. According to CoreLogic data for August, 6.98 percent of mortgage loans were 90 days or more delinquent compared to 7.91 percent for the same period last year, representing a decrease of 0.93 percentage points.

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