Clark County foreclosures increased again in January
Thursday, February 14, 2013
Clark County's home foreclosures were up 75.7 percent in January compared with the same period last year, according to a report issued Wednesday that reflects changes in how delinquencies are handled.
California-based RealtyTrac, which tracks foreclosures across the nation, reported 297 Clark County houses in some stage of foreclosure in January, the third month in a row the county showed a year-over-year increase.
The increase coincides with the expiration of foreclosure moratoriums and a Washington law, which took effect in July 2011, that requires mortgage lenders to work with underwater and delinquent homeowners before starting the foreclosure process.
With one out of every 560 homes in some stage of foreclosure in January, Clark County had the fifth-highest foreclosure rate among the state's 39 counties, falling in behind Pierce, Cowlitz, Snohomish and Thurston counties.