By Liz Segrist
Published Sept. 12, 2013
S.C. foreclosure activity is down nearly 19% for August compared with a year ago, but the state remains in the top 10 nationwide for most foreclosure filings, according to a report released today by RealtyTrac.
One in every 813 homes in South Carolina had a foreclosure filing in August, according to RealtyTrac’s U.S. Foreclosure Market Report. South Carolina reported 1,451 foreclosure starts for the month.
Nevada, Florida and Ohio posted the top foreclosure rates among the states. Nevada had the highest rate nationwide, with one in every 359 homes under a foreclosure filing. One in every 383 homes in Florida had a foreclosure filing.
Nationally, foreclosure filings — including default notices, scheduled auctions and bank repossessions — were reported on 128,560 properties, or one in every 1,019 homes, in August. That’s down 34% from August 2012, marking the 35th consecutive month in which foreclosure activity nationwide has decreased year over year.
“The foreclosure floodwaters have receded in most parts of the country, but lenders and communities continue to clean up the damage left behind. ... Meanwhile, foreclosure flash floods will continue to hit some markets over the next few months as delayed foreclosure starts are quickly pushed into the pipeline,” RealtyTrac Vice President Daren Blomquist said in a news release.
Foreclosure numbers for select S.C. counties
Actual year-to-year numbers for August, in order of highest rate.
% change from 2012
Reach Liz Segrist at 843-849-3119.