Business & Tech
NL County First Quarter Foreclosures Up From 2011
The home foreclosure rate in New London county is higher in the first quarter of 2012 than in the same three-month period last year
The Bulletin is reporting that the home foreclosure rate in New London County is up for the first quarter of the year.
The article, citing statistics from RealtyTrac, Inc., says that the foreclosure rate for the first quarter of 2012 is 40.38 percent higher than the same three-month period in 2011.
Find out what's happening in New Londonfor free with the latest updates from Patch.
During the first quarter of this year, 97 home foreclosures were recorded in New London County, the article says, noting that these made up nearly 10 percent of all sales for the quarter.
The Bulletin article points out that the first-quarter numbers, though higher than in 2011, are nearly 4 percent lower than fourth-quarter foreclosure rates.
