The foreclosure rate continues to decline in the Charleston region, according to a new report.
The rate among outstanding mortgage loans was 3.32 percent in February, down from 4.14 percent a year earlier, the real estate information firm CoreLogic said. The January rate was 3.35 percent.
The region’s foreclosure figure was higher than the national average of 2.85 percent and South Carolina’s 2.98 percent rate for February.
CoreLogic found that 6 percent of mortgage loans were 90 days or more delinquent in February compared to 7 percent for the same period last year.
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