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Foreclosure Filings Up 42 Percent in DC

  • May 13th 2009

by Mark Wellborn

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Foreclosure filings in DC were up 42 percent from a year ago, according to the Washington Business Journal. In April, foreclosures were 21 percent higher in the District than in March.

The numbers in Virginia and Maryland were better, though. In Virginia, defaults increased just five percent to 6,254 and foreclosures actually dropped 39 percent in Maryland to 3,613.

The only category where DC seemed to fare well compared to its neighbors was when it came to rate of default:

“Virginia has the highest rate of default among the three jurisdictions with one in 524 homes receiving a foreclosure notice. Maryland is next with a default rate of one in every 642 homes. The District’s default rate is the lowest at one in every 714 homes.”

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/foreclosure_filings_up_42_percent_in_dc/907.

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