Vermont Foreclosure Rates Far Below Nation Posted by AVCU on 8:04 PM

The 3/15 on-line edition of Vermont Business Magazine cites a recent report highlighting how much lower Vermont's rate of foreclosure is than the national average. Although delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed, even though the national housing market is very far from fully recovered.

VBM reports that nearly 7.5 million loans are in some stage of delinquency or foreclosure, with an additional one million properties in REO or post-sale foreclosure. In addition, approximately 2.5 million loans that were current on Jan. 1, 2009, were 60 or more days delinquent (including foreclosures) one year later. Nationally, the delinquency rate was 10.2%, the foreclosure inventory rate was 3.3%, and the non-current rate for mortgages was 13.5%. Vermont equivalents were 6.1%, 2.0% and 8.1%, respectively.

Read more details at: "US foreclosure rate slows but still at historic high, Vermont among lowest"