CoreLogic: Metro-area foreclosure rate drops to 1.8% for June

THE FORECLOSURE RATE in the Providence-Warwick metro area came in at 1.78 percent in May, dropping from the 2.35 percent rate reported in June 2013. / COURTESY CORELOGIC
THE FORECLOSURE RATE in the Providence-Warwick metro area came in at 1.78 percent in May, dropping from the 2.35 percent rate reported in June 2013. / COURTESY CORELOGIC
IRVINE, Calif. – Foreclosures in the Providence-Warwick metro area represented 1.78 percent of all mortgages for the month of June, compared with 2.35 percent for the same month last year, according to data released Wednesday by CoreLogic. The regional foreclosure rate, which measures the percentage of loans in some state of the foreclosure process and…

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