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February foreclosure rates in Huntsville metro area see slight increase

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HUNTSVILLE, Alabama – Home foreclosures were down in February 2013 over the same time period in 2012, according to a national report.

The CoreLogic National Foreclosure Report said today that foreclosure rates were at .90 percent in the Huntsville metro market, which includes Limestone County.

That’s down from 1.12 percent in February 2012, a drop of .22 percent.

However, foreclosures are up slightly for their highest mark in five months. Foreclosures in Huntsville dipped as low as .84 percent in December 2012. The .90 percentage is the highest since the same percentage in October 2012.

Foreclosures in the Huntsville metro market are also far below the national average of 2.85 percent in February 2013.

The mortgage delinquency rate also declined in February. According to CoreLogic data, 3.60 percent of mortgage loans were 90 days or more delinquent compared to 3.92 percent for the same period last year, a drop of 0.32 percentage points.

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Article source: http://www.al.com/business/index.ssf/2013/04/february_foreclosure_rates_in.html

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