Local foreclosure rate up from a year ago
The March foreclosure rate for the Seattle-Bellevue-Everett area was higher than 12 months ago, but the number of delinquent mortgages dropped.
In March, the foreclosure rate in the Seattle-Bellevue-Everett area was 2.23 percent of outstanding mortgages, up from 2.22 percent in February and 1.63 percent the previous March, according to California-based CoreLogic, a leading property data provider.
About 5.48 percent of outstanding mortgages in the Seattle metro area were more than 90 days delinquent, in foreclosure or repossessed by the bank, CoreLogic reported, down from 5.7 percent in February and 6.51 percent the previous March.
Nationally, that rate was 6.01 percent, while the foreclosure rate was 2.84 percent.