Foreclosure rates in Savannah decreased for the month of September over the same period last year, according to data released Tuesday by financial reporting firm CoreLogic.
The rate of Savannah area foreclosures among outstanding mortgage loans was 1.08 percent for September 2013, down 0.36 percentage points compared to September 2012 when the rate was 1.44 percent, according to CoreLogic.
Foreclosure activity in Savannah was lower than the national foreclosure rate, which was 2.29 percent for September 2013.
Also in Savannah, the mortgage delinquency rate decreased.
CoreLogic reports that 4.77 percent of mortgage loans were 90 days or more delinquent in September compared to 5.72 percent for the same period last year, representing a decrease of 0.95 percentage points.
In contrast to the Savannah area, foreclosure rates in Hinesville-Fort Stewart increased in September over the same period last year, according CoreLogic.
The rate of Hinesville-Fort Stewart area foreclosures among outstanding mortgage loans was 1.60 percent for September 2013, up 0.09 percentage points compared to September 2012 when the rate was 1.51 percent.
Foreclosure activity in Hinesville-Fort Stewart still was lower than the national foreclosure rate
Also in Hinesville-Fort Stewart, the mortgage delinquency rate increased with 7.54 percent of mortgage loans 90 days or more delinquent compared to 7.18 percent for the same period last year, an increase of 0.36 percentage points.