Owners of nearly 8,300 residential properties in the Salt Lake metro area received a foreclosure-related filing in the first six months of the year, according to RealtyTrac, a company that tracks foreclosures nationally. That’s up more than 55 percent from the same six-month period last year.
By comparison, the number of households nationally facing foreclosure rose only 8.3 percent from January to June.
The Salt Lake area was among 154 out of 206 metro areas with a population of at least 200,000 that had an increase in foreclosure activity. But the rate locally tops the national average, with one in every 48 homes receiving a filing, compared with one in 78 U.S. homes. The Salt Lake Tribune
Note: The Wasatch Front entered the housing boom late and its bubble began contracting later than the nation's and this information is consistent with than scenario. Foreclosure "data" is available from various sources. However, none of the series have a long or consistent track record/methodology. Another county-level source you might consider using is TransUnion LLC'sTrend Data which is available on the New York Federal Reserve website. http://www.newyorkfed.org/creditconditions/
