PrintPrintForeclosures were up statewide for January, but many counties in the most populated areas saw major declines, according to data released Thursday. RealtyTrac reported that the state as a whole saw an increase of 15.58% in January in the number of homes receiving at least a notice of default.
By Andy Owens
aowens@scbiznews.com
Published Feb. 12, 2010
Foreclosures were up statewide for January, but many counties in the most populated areas saw major declines, according to data released Thursday.
RealtyTrac reported in its monthly U.S. Foreclosure Market Report that the state as a whole saw an increase of 15.58% in January in the number of homes receiving at least a notice of default.
The national real estate tracking firm reported that foreclosures nationwide had dropped by 9.67% from December to January.
“January foreclosure numbers are exhibiting a pattern very similar to a year ago: a double-digit percentage jump in December foreclosure activity followed by a 10% drop in January,” said RealtyTrac CEO James J. Saccacio.
Saccacio said RealtyTrac expects the numbers will surge over the next few months, as more lenders foreclose on delinquent loans where loan modification programs, short sales and deed-in-lieu of alternatives have failed.
In the Midlands, foreclosures were down month to month, with Richland County seeing a 19.12% dip in filings and Lexington seeing a 4.66% drop.
The Lowcountry also saw a decrease in month to month foreclosures. Charleston County had a 50% decrease.
Anderson and Spartanburg counties in the Upstate saw increases in the percentage of filings, with Greenville County posting a nearly 14% decline in filings.
Foreclosures across major markets in S.C. for January 2010
| Lowcountry Midlands Upstate Statewide | % change Dec. to Jan.
-76.4% -4.66% 10.87% | Actual numbers
157 225 51 | % change 2009-2010
-11.30% 800% 50% |
Source: RealtyTrac’s U.S. Foreclosure Market Report
Print