SC Foreclosures Spike in October


U.S. foreclosure activity hit a seven-month high in October, with 230,678 properties in some sort of distress, according to a national real estate tracking firm. At 3,652 total filings, South Carolina’s foreclosure numbers were the highest they’ve been all year.

Although the October numbers were 7% higher than in September, they were down 31% compared with October of last year, RealtyTrac reported.

The U.S. foreclosure market report, released Wednesday, said one in every 563 properties had at least one level of foreclosure filing against it.

In South Carolina, numbers jumped up in October after dipping to a 2011 low of 2,690 in September. In October, one in every 571 homes received a foreclosure filing, according to the RealtyTrac report.


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    Categories : South Carolina News

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