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Foreclosure rate for mortgaged homes falls

The share of Charlotte area homes with a mortgage that were in some stage of the foreclosure process has continued to steadily decline, according to CoreLogic, to 1.01 percent in July from 1.06 percent in June and 1.91 percent in July 2013.

Mortgages that were delinquent by 90 days or more decreased to 3.74 percent of all mortgages in July from 3.82 percent in June and 5.08 percent in July 2013.

Both the foreclosure rate and delinquency rate for homes in the Charlotte metropolitan statistical area were below the national rates of 2.44 percent and 4.32 percent, respectively, but higher than the state rates of 1.51 percent and 3.55 percent, respectively.

In the Charlotte MSA, foreclosure rates were highest in eastern Chester County, S.C., and western York County, S.C. Around the city itself, foreclosure rates were highest in a crescent running from eastern Mecklenburg County to north Charlotte and western Mecklenburg County.

CoreLogic is a property information, analytics and data-enabled services provider based in Irvine, Calif.

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