Updated March 24 at 10:24am
real estate

Foreclosure rate gained in September


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.

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.


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