Thursday, December 13, 2012

Report: D.C.-area foreclosures fall in May - Phoenix Business Journal:

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Compared to April, foreclosurex fell 25 percent in D.C. to 299; 14 percenft in Virginia to 5,385; and 2 percentt in Maryland to Nationally, foreclosures declined 6 percentto 321,4800 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research Virginia continued to have the highest rate of default amonh the three jurisdictions with one in 608 homexs receiving a foreclosure notice. Maryland was next with a defaul rate of one in every655 homes. The District’s defaulf rate is the lowesft at one in every951 homes.
The Districr also had the best foreclosurd performance compared to May of 2008 with defaultas declining 24 percent from the year ago Virginia foreclosures were 2 percentf higher than Mayof 2008. Marylande foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTracv reported that foreclosures in May were 18 percent higher than oneyear ago. One in everyh 398 U.S. homes received a foreclosure filingtin May, easing back from April’s national rate of one in every 374 households, the highest monthly foreclosurde rate since RealtyTrac began issuing data in January 2005.

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