CoreLogic published statistics on foreclosures in the Tucson-area and there is positive news to be shared. The data is for January 2013 and showed that foreclosures among outstanding mortgage loans was 1.42% which is a pretty sharp dropped when compared with last January’s 2.34%. The rate nationally sits at 2.9%. Also, the mortgage delinquency rate, which is defined by borrowers who are 90 days or more behind, decreased to 4.54% for January. Compare this with January 2012 when the rate was 6.13% or even the current national rate of 6.34% and Tucson is looking pretty good.
