Sept. stats show Bellingham foreclosures up from 2011

Foreclosure rates in Bellingham increased in September 2012 from the same month last year, according to data from CoreLogic, a data and analytics company.

The stats show the rate of Bellingham area foreclosures among outstanding mortgage loans was 1.52 percent in September 2012, an increase of 0.35 percentage points compared to September 2011, when the rate was 1.17 percent.

Foreclosure activity in Bellingham was lower than the national foreclosure rate, which was 3.25 percent for September 2012.

It was also lower than the statewide rate in Washington, which was at 2.37 percent.

In Bellingham, the mortgage delinquency rate also increased.

According to CoreLogic data for September 2012, 4.26 percent of mortgage loans were 90 days or more delinquent compared to 4.20 percent for the same period last year—an increase of 0.06 percentage points.

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