Tulsa World: State foreclosures up 18.7 percent in July

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State foreclosures up 18.7 percent in July
But the rates were 11 percent below the same period last year

By Robert Evatt, World staff writer
Published: 8/12/2009 7:10 PM
Last Modified: 8/12/2009 7:10 PM

A new report indicates a mixed result for Oklahoma foreclosures in July.

One home out of every 1,056 faced foreclosure in the state, reported real estate data service RealtyTrac. That figure was 18.7 percent above the previous month, but 11 percent below the same period last year.

The state’s rate gives it the 35th-highest foreclosure rate in the nation, according to RealtyTrac.

Recently, RealtyTrac reported Tulsa had a foreclosure rate of one for every 140 homes during the first six months of the year, which was 6.3 percent above the last six months of 2008 and just 0.4 percent above the first six months of last year.

A different set of foreclosure figures from First American Core Logic, a Santa Ana, Calif.-based company, indicated area foreclosures hit 1.6 percent of all current home loans in June, compared with 1.4 percent in June 2008.

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By Robert Evatt, World staff writer

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Reader comments for this story have been moved to the most updated version of the story, now under the headline "Foreclosures surge in July," which was published on 8/13/2009. So far, 2 comments have been made.