Utah foreclosure rate drops to 26th highest in the nation

Published: Thursday, Aug. 9 2012 1:40 p.m. MDT

This Feb. 23, 2012, photo shows a auction sign in front of a home. Utah's foreclosure rate is the 26th highest in the nation after posting a more than 70 percent drop in activity since last July.

Rick Bowmer, AP

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Summary

A dramatic year-over-year decline in July drops Utah's foreclosure rate to 26th highest in the nation. Data released Thursday by RealtyTrac Inc., based in Irvine, Calif., showed that one in 1,284 Utah housing units saw a foreclosure filing in July 2012 — more than 70 percent below last July — and down 11 percent from June.

SALT LAKE CITY — A dramatic year-over-year decline in July drops Utah's foreclosure rate to 26th highest in the nation. Data released Thursday by RealtyTrac Inc., based in Irvine, Calif., showed that one in 1,284 Utah housing units saw a foreclosure filing in July 2012 — more than 70 percent below last July — and down 11 percent from June.

Foreclosure filings in Utah have been falling during the past few months. In April, the Beehive state had the seventh highest foreclosure rate, with one in 419 homes seeing a foreclosure filing. Foreclosure-related filings include default notices, scheduled auctions and bank repossessions.

Nationwide, foreclosure activity fell slightly — down 3 percent from June and 10 percent from last July. California, Arizona, Florida, Georgia and Illinois had the highest foreclosure rates in the nation last month.

— Jasen Lee

Twitter: JasenLee1

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Bebyebe

UUU, UT

'Must be Obama's fault.

4:56 p.m. Aug. 9, 2012
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My2Cents

Taylorsville, UT

So how is this supposed to be good news? All it tells me is the foreclosures have run their course and fewer people are in foreclosure, for the time being. The next big foreclosure hurdle will will be in education debt foreclosures and people will More..

5:51 a.m. Aug. 10, 2012
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