Knoxville's June foreclosure rates up over 2008 numbers
From Staff ReportsOriginally published: July 31. 2009 3:01AM
Last modified: July 30. 2009 10:36PM
Foreclosure rates in the Knoxville area, including Blount County, increased for the month of June over the same period last year, according to First American CoreLogic, the leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.
According to recent data from First American CoreLogic on foreclosures for the Knoxville area, the rate of foreclosures among outstanding mortgage loans is 0.9 percent for the month of June, an increase of 0.4 percentage points compared to June 2008 when the rate was 0.5 percent. Foreclosure activity in Knoxville is lower than the national foreclosure rate, which was 2.6 for June 2009, representing a 1.7 percentage point difference.
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