CLICK HERE. / COURTESY CORELOGIC" title="THE RATE OF FORECLOSURES for September in the Providence-New Beford-Fall River area increased slightly from the same 2010 period, according to California-based data tracker CoreLogic. For a larger version of this graphic CLICK HERE. / COURTESY CORELOGIC"/>PROVIDENCE – The foreclosure rate in the Providence-Fall-River-New Bedford area rose 0.15 percentage points in September compared with the same period last year, CoreLogic said.
The California-based real estate tracking firm reported that 2.96 percent of outstanding mortgages in the area were subject to foreclosure during the month, up from 2.81 percent in September 2010.
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The local foreclosure rate remains below the national rate, which was 3.48 percent for September, CoreLogic said.
While the foreclosure rate rose, the rate of Providence-area mortgages 90 or more days overdue fell 0.67 percentage points in September to 7.13 percent, according to CoreLogic.
