And here is news that states the foreclosure rate is dropping, contrary to my recent experience!
A new report released June 28, 2010 states that the foreclosure rate among homes in the Boise/Nampa area fell to 2.81% in April, while the number of homeowners more than 90 days behind in their payments declined for the 11th straight month.
The foreclosure rate represented a 0.23 percent decline from April 2010 and is below the national rate of 3.47 percent in April, according to CoreLogic, a market research company.
The delinquency rate among local mortgage holders more than 90 days behind in their payments has fallen to 6.60 percent since peaking at 7.95 percent in May 2010. The national rate was 7.39 percent in April, down from 7.84 percent in for the same month a year ago.
We are heading the right direction!
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