Q3 Foreclosures Down Over 18% Across S.C.


Foreclosure numbers fell statewide during the third quarter of 2011 compared with the same period in 2010, continuing a trend from midyear, according to a market report released today.

Every major market in South Carolina saw a decline in foreclosure numbers in the third quarter, according to RealtyTrac’s U.S. Foreclosure Market Report. The Upstate, Lowcountry and Midlands all saw double-digit declines from 2010 to 2011.

RealtyTrac said that the downward trend in South Carolina mirrors national numbers but that more foreclosures could be coming after lenders get past paperwork problems related to streamlining the foreclosure process. South Carolina’s foreclosures were up 2.76% compared with last quarter, and national numbers were up 0.35% compared with last quarter.


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    Categories : South Carolina News

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