Richmond foreclosures comparatively low

Compared to the rest of the country, Richmond homeowners are more likely to be able to make their mortgage payments, according to RealtyTrac, a company that bills itself as an online foreclosure marketplace. Nationwide, one in every 400 households received a foreclosure filing (such as a default notice, scheduled auction sale, or bank repossession) last month.

Even so, more Richmond homeowners are more in danger of foreclosure than they were a year ago. Area foreclosure activity rose 84% in May from the same month in 2009, with one foreclosure filing  for every 445 households.

Posted on Friday, June 18, 2010 - 2:13pm