Published May 9, 2013
Foreclosure numbers across the U.S. hit a six-year low in April, according to data from national real estate listing firm, RealtyTrac. South Carolina, however, saw a 20% increase from April 2012 in the number of filings, pushing the state into the top five for the rate of foreclosures for the month.
RealtyTrac data found that one out of every 590 homes in South Carolina had at least a notice of default against it. While South Carolina’s rate jumped for the month, the state had a total of 3,587 filings for April. The state with the next highest rate of foreclosure, Illinois, had 10,544 filings.
The highest rate of foreclosures for the month was in Beaufort County, which saw one of every 275 homes in distress, with Richland County coming in second with one of every 332 homes with at least a filing.
RealtyTrac reported that foreclosure starts in the Palmetto State were up 3.9% from March and bank repossessions were down 0.39%.
With the exception of Greenville, Berkeley and Charleston counties, which saw year-to-year April foreclosure filings decline or remain unchanged, all of South Carolina’s most populated counties saw a percentage increase in the number of filings. But only one county, Horry, saw filings go above 500 filings for the month, and Charleston County, which had the lowest rate of foreclosures, also had the fewest filings at 190.
States with highest rates of foreclosures for April 2013
Rate (1 foreclosure for every number of homes)
Foreclosure numbers for select S.C. counties
The number of filings against homes in South Carolina’s largest counties was below 500 for every county but one in April. Here are actual year-to-year numbers for the month in order of highest rate.
% change from 2012