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Foreclosures increase in Fresno Co. PDF Print E-mail
Thursday, 04 February 2010 13:22
Foreclosures

Foreclosures rates in Fresno County continue to be some of the worst in the U.S. according to a recent report.

First American CoreLogic unveiled a report showing Fresno County suffered from outstanding foreclosure rates among mortgage loans. The rate of foreclosures is 4.07%, which is .91% higher than the national average.

Year-over-year, the data showed the foreclosure rate was higher as well. In December of 2008, the rate of foreclosures was at 2.14%.

The hardest hit areas as shown by the report are mid- and western Fresno County.  

The report also detailed 90 day delinquency rates on home mortgage loans. The percentage for the Fresno area has steadily climbed for the past 12 months. In December of 2008, the delinquency rate was at 7.75%. In December 2009, that rate was 12.74%. That rate has risen by a little over one percentage point each quarter.
Last Updated on Thursday, 04 February 2010 13:31