By Lauren Ratcliffe
Published April 15, 2013
Foreclosure filings in South Carolina were down 7.4% in March, according to data from the foreclosure tracking firm RealtyTrac.
Across the state, 3,144 properties had some sort of foreclosure filing associated with them, compared with 3,396 properties in March 2012.
National foreclosure filings were down 23% from last March with foreclosures reported on 152,500 properties nationwide. The decrease in March dropped first-quarter foreclosure numbers to the lowest level since the second quarter of 2007. For the quarter, national foreclosures were down 23% from the first quarter of 2012.
“Although the overall national foreclosure trend continues to head lower, late-blooming foreclosures are bolting higher in some local markets where aggressive foreclosure prevention efforts in previous years are wearing off,” said Daren Blomquist, vice president at RealtyTrac, in a news release.
“Meanwhile, more recent foreclosure prevention efforts in other states have drastically increased the average time to foreclose, which could result in a similar outbreak of delayed foreclosures down the road in those states.”
County-by-county results for March
Number of foreclosures
Rate of foreclosure
1 in 673