The rate of foreclosures in Utah fell significantly during the first quarter of this year — the fifth straight quarter of year-over-year decrease.
According to a new report, the Beehive State has seen its rate of default filings drop nearly 50 percent in first three months of 2012 compared to the same period last year.
The RealtyTrac U.S. Foreclosure Market Report for the first quarter of 2012 showed that the rate of Utah foreclosure filings — default notices, scheduled auctions and bank repossessions — decreased 49 percent from the first quarter of 2011 and declined 18 percent from February 2012.
Despite the decrease, Utah still had the ninth highest foreclosure rate in the nation with one in every 198 households registering a default filing. Deseret News
