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The foreclosure rate in the Houston-Sugar Land-Baytown area in September this year was 0.5 percent higher than in the same month last year, according to a new report from First American CoreLogic. The rate measures the percentage of loans in some stage of foreclosure.
The real estate data company said the rate of foreclosures in the area among outstanding mortgage loans was 1.29 percent in September, compared with 0.79 percent in September 2008.
For Texas as a whole, the foreclosure rate was 1.15 percent, up 0.39 percent from September last year.
[Houston Business Journal]
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