Vermont continues to have by far the lowest foreclosure rate in US

A national rating firm RealtyTrac(R) (www.realtytrac.com) has reported that Vermont has both the fewest foreclosures over the first half of the year and the lowest rate as a percentage of housing units. Foreclosure filings were reported on 336,173 U.S. properties in June, the fourth straight monthly total exceeding 300,000 and helping to boost the second quarter total to the highest quarterly total since RealtyTrac began issuing its report in the first quarter of 2005. Foreclosure filings were reported on 889,829 U.S. properties in the second quarter, an increase of nearly 11 percent from the previous quarter and a 20 percent increase from the second quarter of 2008. “In spite of the industry-wide moratorium earlier this year, along with local, state and national legislative action and increased levels of loan modification activity, foreclosure activity continues to increase to record levels,” noted James J. Saccacio, chief executive officer of RealtyTrac.

See the full article here:

http://www.vermontbiz.com/news/july/vermont-continues-have-far-lowest-foreclosure-rate-us-0

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