Foreclosure rates in Savannah decreased for the month of January over the same period last year, according to newly released data from real estate reporting firm CoreLogic.
The CoreLogic data indicates the rate of Savannah area foreclosures among outstanding mortgage loans was 0.95 percent for the month of January 2014, a decrease of 0.51 percentage points compared to January of 2013 when the rate was 1.46 percent.
Foreclosure activity in Savannah was lower than the national foreclosure rate, which was 1.97 percent for January 2014.
Also in Savannah, the mortgage delinquency rate decreased. According to CoreLogic data for January 2014, 4.77 percent of mortgage loans were 90 days or more delinquent compared to 5.77 percent for the same period last year.