Foreclosure rates in New York-White Plains-Wayne increased for the month of December over the same period last year, according to Corelogic’s National Foreclosure Report.
The New York-White Plains-Wayne area foreclosure rate among outstanding mortgage loans was 5.64 percent in December 2012, a year-over-year increase of 0.21 percent. Foreclosure activity in the region was higher than the national foreclosure rate of 2.96 percent for the same period.
The region’s mortgage delinquency rate also increased, the report shows. 8.86 percent of mortgage loans were 90 days or more delinquent compared to 8.69 percent for the same period last year, representing a year-over-year increase of 0.17 percent.
In 2012, New York was also one of the five states — joining Florida, New Jersey, Nevada and Illinois — with the highest number of foreclosures as a percentage of homes with a mortgage. –Hiten Samtani