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The foreclosure rates in Springfield dropped in November compared to the same month the previous year, according to newly released data from real estate tracking firm CoreLogic.
The rate of Springfield area foreclosures among outstanding mortgage loans was 0.61 percent for the month, according to CoreLogic, a decrease of 0.21 percentage points compared to November 2012.
Foreclosure activity in Springfield was lower than the national foreclosure rate, which was 2.18 percent in November 2013.
Springfield’s mortgage delinquency rate also decreased. According to CoreLogic, 2.43 percent of mortgage loans were 90 days or more delinquent in November, compared to 3.04 percent in November 2012.
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