Foreclosure rates in Wilmington on the rise


WILMINGTON, NC (NEWS RELEASE) — A new housing report out today indicates foreclosure rates in the Wilmington area are on the rise. These figures, coming from CoreLogic, show foreclosure rates in December 2011 at just over 2 3/4%

While that’s up from this same time last year, the Wilmington rate is actually lower than the national foreclosure rate.

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That rate sits at over 3 1/4%.

The report also says homeowners are having trouble keeping up with their house payments.

The local mortgage delinquency rate is at nearly 6%, more than it was at this time last year.