Local foreclosure, delinquency rates continue dropping

Rates of foreclosure and mortgage delinquency in the Bellingham area decreased in August 2013, compared to the same month last year, according to new data from CoreLogic, a nationwide property information and analysis firm.

The rate of Bellingham-area foreclosures among outstanding mortgage loans was 1.17 percent in August 2013, a decrease of 0.30 percentage points compared to August 2012, when the rate was 1.47 percent. Foreclosure activity in Bellingham was lower than the national foreclosure rate, which was 2.36 percent for August 2013.

Also in Bellingham, 3.33 percent of mortgage loans were 90 days or more delinquent in August 2013, compared to 4.32 percent for the same month last year, representing a decrease of 0.99 percentage points, according to CoreLogic.

Bellingham, WA 90+ Day Delinquency Rate Foreclosure Rate
August 2013 3.33% 1.17%
July 2013 3.51% 1.28%
June 2013 3.63% 1.37%
May 2013 3.68% 1.39%
April 2013 3.77% 1.42%
March 2013 3.91% 1.46%
February 2013 4.03% 1.46%
January 2013 4.15% 1.58%
December 2012 4.18% 1.58%
November 2012 4.17% 1.54%
October 2012 4.17% 1.49%
September 2012 4.26% 1.52%
August 2012 4.32% 1.47%
July 2012 4.37% 1.50%
June 2012 4.38% 1.47%
May 2012 4.32% 1.39%
April 2012 4.32% 1.24%
March 2012 4.30% 1.12%
February 2012 4.33% 1.08%
January 2012 4.31% 1.07%
December 2011 4.31% 1.06%
November 2011 4.25% 1.08%
October 2011 4.22% 1.10%
September 2011 4.20% 1.17%
August 2011 4.16% 1.41%
July 2011 4.22% 1.63%
June 2011 4.33% 1.69%
May 2011 4.35% 1.62%
April 2011 4.37% 1.70%
March 2011 4.41% 1.72%
February 2011 4.48% 1.65%
January 2011 4.48% 1.66%

Source: CoreLogic

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