Ann Arbor foreclosure rates dip in June 2012

Foreclosure rates in Ann Arbor decreased for the month of June over the same period last year, according to newly released data from CoreLogic.

The CoreLogic data reveals that the rate of Ann Arbor area foreclosures among outstanding mortgage loans was 1.00 percent  for the month of June 2012, a decrease of 0.48 percentage points compared to June of 2011 when the rate was 1.48 percent. Foreclosure activity in Ann Arbor was lower than the national foreclosure rate, which was 3.27 percent  for June 2012.

Also in Ann Arbor, the mortgage delinquency rate decreased. According to CoreLogic data for June 2012, 3.28 percent of mortgage loans were 90 days or more delinquent compared to 4.11 percent for the same period last year, representing a decrease of 0.83 percentage points.

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