Foreclosures, late payments higher in Tacoma area than state, nation

While fewer Tacoma and Lakewood homeowners are late on mortgage payments than they were a year ago, late payments here are still higher than the state and national average.

Foreclosures also are higher here than state or nationwide, according to according to January data from California-based analytics company CoreLogic.

Both foreclosures and late payments — defined as more than 90 days past due — have seen a downward trend in the last year. In Tacoma and Lakewood, only 3.87 percent of those who still owe money on their homes were more than 90 days late on payments. That’s a drop of 1.46 percentage points from a year ago.

Statewide, the foreclosure rate is less than 1 percent. In Tacoma and Lakewood, however, more than 2 percent of homes entered foreclosure.

This story was originally published March 31, 2016 at 2:04 PM with the headline "Foreclosures, late payments higher in Tacoma area than state, nation."