Tacoma, Lakewood foreclosures down in August

Foreclosures are down in Pierce County year over year.

The real estate analysis firm CoreLogic reported this week that foreclosure rates in the Tacoma-Lakewood area fell in August when compared with figures from August 2014.

According to a release, CoreLogic data show the rate of local foreclosures among outstanding mortgage loans was 1.84 percent for August, a decrease of 0.59 percentage points compared with the year before, when the rate was 2.43 percent.

Foreclosures in the area were higher than the national rate, which recorded 1.25 percent in August.

Also in the local area, CoreLogic stated, the mortgage delinquency rate decreased. In August, 4.34 percent of mortgage loans were delinquent 90 days or more, compared with 6.0 percent for the same period in 2014.

The 90-day delinquency rate in Washington was 2.63 percent in August, 1.08 percent lower than the year before, while the foreclosure rate statewide, 1.1 percent, was down 0.35 percent from August 2014.

C.R. Roberts: 253-597-8535