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Foreclosures 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 January 2012 at nearly three percent.

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

That rate sits at almost three and a half percent.

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

The local mortgage delinquency rate is nearing six percent, more than it was at this time last year.

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