S.C. foreclosure rate down nearly 30% since last year, RealtyTrac reports

By Ashley Barker
abarker@scbiznews.com
Published June 11, 2014

South Carolina was one of 39 states that recorded an annual decrease in foreclosure activity in May, but it still ranked No. 10 in the country for most foreclosures. About 2,500 foreclosure filings were reported in the Palmetto State last month, or one in every 851 homes, which is 28.94% lower than May 2013, RealtyTrac said.

Nationwide, there was a 26% decrease in foreclosure filings across the United States compared with May 2013. Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 109,824 properties, according to a U.S. Foreclosure Market Report from RealtyTrac.

The housing data company said May’s foreclosures were at the lowest level since December 2006 and that one in every 1,199 U.S. homes was in foreclosure.

Columbia ranked No. 15 in the country for highest foreclosure rates among metropolitan statistical areas with a population of 200,000 or more. One in every 544 housing units in Columbia was foreclosed on last month, according to RealtyTrac.

Foreclosure filings for select S.C. counties


County
Charleston
Anderson
Greenville
Dorchester
Lexington
Spartanburg
Orangeburg
Berkeley
Richland

May 2014 foreclosure filings
194
89
201
86
179
152
39
119
374

May 2013 foreclosure filings
308
130
412
191
224
171
38
182
344

1 in every X housing units
878
952
972
639
636
807
1,087
616
432

Source: RealtyTrac

Reach staff writer Ashley Barker at 843-849-3144 or @AshleyNBarker on Twitter.

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