Lexington, KY - Foreclosure rates in Fayette County have gone up over the same period last year, according to the latest data released by CoreLogic.
The data shows that Lexington area foreclosures among outstanding mortgage loans is 2.38 percent for the month of July, an increase of 0.57 percent compared to July 2010 when the rate was 1.81 percent. Despite the increase, foreclosure activity in Lexington is lower than the national foreclosure rate of was 3.44 percent for July 2011, representing a 1.06 percentage point difference.
Also in the county, the mortgage delinquency rate has increased. According to the data for July 2011, 4.45 percent of mortgage loans were 90 days or more delinquent compared to 4.14 percent for the same period last year, representing an increase of 0.31 percentage points.