The foreclosure rate in Baton Rouge and the state of Louisiana dropped in April when compared with the year before, the opposite of the national trend. According to figures from First American CoreLogic, the foreclosure rate in Baton Rouge in April was 1.15%, compared with a 1.19% rate in April 2008. That’s below the state foreclosure rate of 1.19%, which fell by 0.03 percentage points from the year before. Nationally, 1.8% of homes were in foreclosure, a 0.03-point jump from April 2008. The foreclosure numbers may be changing; the number of mortgage payments that are delinquent by 90 days or more went from 3.14% of Baton Rouge households in April 2008, to 3.92% in April of this year. That’s still below the national delinquency average, which went from 3.9% in April 2008, to 5.1% in April, according to First American.
Foreclosures drop in B.R., La.
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