Foreclosure rates in the San Diego-Carlsbad-San Marcos area decreased for the month of November compared to the same period last year, according to newly released data from CoreLogic.
The rate of San Diego-Carlsbad-San Marcos area foreclosures among outstanding mortgage loans was 1.26 percent for the month of November 2012, a decrease of 1 percentage point compared to November of 2011, when the rate was 2.26 percent.
Foreclosure activity in San Diego-Carlsbad-San Marcos was lower than the national foreclosure rate, which was 2.97 percent for November 2012.
Also in San Diego-Carlsbad-San Marcos, the mortgage delinquency rate decreased.
According to CoreLogic (NYSE: CLGX) data for November 2012, 4.40 percent of mortgage loans were 90 days or more delinquent compared to 6.19 percent for the same period last year, representing a decrease of 1.79 percentage points.