Friday, December 23, 2011

Report: Maryland foreclosures fall in May - Baltimore Business Journal:

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Compared with April, foreclosures fell 25 percenftin Washington, D.C. to 299; 14 perceng in Virginia to 5,385; and 2 percentr in Maryland to 3,539. Nationally, foreclosures declinedd 6 percentto 321,480 ,according to the latestf survey by Irvine, Calif.-based , a foreclosurew research firm. Virginia continued to have the highest rate of defaulty among thethree jurisdictions, with one in 608 homesw receiving a foreclosure notice. Maryland was next with a default rate of one in everh655 homes. The District’s default rate is the at one in every951 homes. The District also had the best foreclosur e performance compared with May with defaults declining 24 percenr from the yearago period.
Virginias foreclosures were 2 percent higher than Mayof 2008. Marylanf foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTravc reported that foreclosures in May were 18 percenft higher than oneyear ago. One in ever y 398 U.S. homes received a foreclosurre filingin May, easing back from April’s national rate of one in every 374 the highest monthly foreclosure rate sinced RealtyTrac began issuing data in January 2005.

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