Baton Rouge home foreclosures on the rise
From the Baton Rouge Business Report:
“The number of local homeowners who are late on mortgage payments or face foreclosure continues to increase in Baton Rouge, but at a slower rate then the rest of the state or the nation. The percentage of homeowners who were 90 days or more late was 4.83% in August, according to figures from First American CoreLogic. That’s up from 3.25% in August 2008. The percentage of delinquent homeowners in Louisiana is 5.47%, up from 3.66% in August 2008. Nationally, the number of late payments was up by nearly three percentage points in the past year, from 4.18% in August 2008, to 7.1%. The foreclosure rate in Baton Rouge grew half as much as the state average, going from 1.26% in August 2008, to 1.52%. Statewide, 1.79% of homes faced foreclosure in August, compared with 1.24% in August 2008.”
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