The CoreLogic data reveals that the rate of St. George area foreclosures among outstanding mortgage loans was 1.98 percent for the month of July 2012, a decrease of 0.70 percentage points compared to July of 2011 when the rate was 2.68 percent. Foreclosure activity in St. George was lower than the national foreclosure rate which was 3.25 percent for July 2012.
Also in St. George, the mortgage delinquency rate decreased. According to CoreLogic data for July 2012, 5.01 percent of mortgage loans were 90 days or more delinquent compared to 6.87 percent for the same period last year, representing a decrease of 1.86 percentage points.
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