A new housing report indicates foreclosure rates in the Little Rock-North Little Rock and Conway area are on the rise.
According to Corelogic, these figures show foreclosure rates up in October 2010 to be over one and a quarter percent. While that is up almost a quarter percent from this same time last year, the Little Rock-North Little Rock-Conway rate is actually lower than the national foreclosure rate, which still sits at over three and a quarter percent.
The report also says homeowners are having trouble keeping up with their house payments. The local mortgage delinquency rate is nearing 5% more than it was at this time last year.
If you, or someone you know, may have trouble making your payments, please call me. There are better options than foreclosure and bankruptcy.
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