Foreclosures Up 19 Percent
Friday, May 14, 2010
One in every 525 homes in Rhode Island received a foreclosure notice in April 2010, an increase of 19% from March. Realtytrac.com recently released April's foreclosure statistics that placed Rhode Island as the 19th-highest in foreclosures among the 50 states.
A total of 861 properties in Rhode Island were under foreclosure in April, with 76% at auction status and the remaining 24% bank owned.
What's the breakdown by county in Rhode Island for the month of April? Providence County led the pack with the most foreclosures (577), while Bristol County had the fewest (26).
