Foreclosures continue to decline

Foreclosures continued to decline in September according to RealtyTrac’s foreclosure report.  In South Carolina, one in 820 homes were in foreclosure proceedings, down 27 percent from last year.  None-the-less, South Carolina ranked 10 in the national in foreclosures.

  • Greenville: one in 603 homes were in foreclosure, down 17 percent
  • Spartanburg: one in 581 homes were in foreclosure, up 5 percent
  • Anderson: one in 1,042 homes were in foreclosure, down 49 percent

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RealtyTrac: Foreclosures Down 36 Percent in Greenville

Foreclosures are down in the Greenville MSA (Greenville, Pickens, and Laruens counties) 35.78 percent in July compared to the same month last year.  According to RealtyTrac, which tracks foreclosures, one in 714 homes were foreclosed in Greenville last month.  That compares to one in 1,001 homes in the nation, and one in 785 homes in South Carolina.

Statewide, foreclosures are down 28 percent, and nationally they are down 32 percent.  Foreclosures dropped about two percent in Spartanburg, and about 3 percent in Anderson.

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Foreclosures fall in Greenville, statewide

According to RealtyTrac, the rate of foreclosures in South Carolina fell 12 percent during the first six months of 2013.

RealtyTrac reports that foreclosures are a diminishing problem nationally, but some states continue to have a problem where backlogs in the courts have slowed the processing of foreclosures.

Nationally, foreclosures are down 21 percent since the beginning of 2013, and down 45 percent in the last 12 months.  Foreclosures are down 6.2 percent in Greenville, where 1,918 homes were foreclosed since January 1, 2013. 

The rate of foreclosures in Greenville is well below the state and nation at just 101 foreclosures for every 100,000 homes.  Nationally, 164 homes are foreclosed for every 100,000 homes, and in South Carolina 125 homes are foreclosed for every 100,000 homes.  The foreclosure rate in neighboring Spartanburg is 115, Anderson is 140, the highest foreclosure rate in the state.

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Realtytrac: Foreclosures down 20 percent in Greenville

According to Realtytrac, foreclosures fell in Greenville by 20 percent in 2011 compared with 2010.  For the state, foreclosures were down 9 percent.  Nationally, foreclosures fell 34 percent.

Realtytrac is a national real estate firm that specializes in data analysis on real estate transactions, including foreclsoures.

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