February 16, 2012

Philly.com – PA Foreclosure filings rose 24 percent

Pennsylvania foreclosure filings rose 24 percent from January 2011

Pennsylvania experienced a sharp jump in foreclosure filings in January, almost 24 percent higher than the same month in 2011, according to a report to be released Thursday by RealtyTrac, which tracks such data nationwide.

The state is ranked 27th in the country, with one filing for every 1,219 homes. Yet 90-day delinquency notices, which begin the foreclosure process, rose 112 percent year-over-year, a 15-month high, RealtyTrac said.

Posted In: Bankruptcy