According to RealtyTrac, the rate of foreclosures in South Carolina fell 12 percent during the first six months of 2013.
RealtyTrac reports that foreclosures are a diminishing problem nationally, but some states continue to have a problem where backlogs in the courts have slowed the processing of foreclosures.
Nationally, foreclosures are down 21 percent since the beginning of 2013, and down 45 percent in the last 12 months. Foreclosures are down 6.2 percent in Greenville, where 1,918 homes were foreclosed since January 1, 2013.
The rate of foreclosures in Greenville is well below the state and nation at just 101 foreclosures for every 100,000 homes. Nationally, 164 homes are foreclosed for every 100,000 homes, and in South Carolina 125 homes are foreclosed for every 100,000 homes. The foreclosure rate in neighboring Spartanburg is 115, Anderson is 140, the highest foreclosure rate in the state.
Read more at GSA Business by clicking here.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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