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Spokane foreclosure rates inch upward in July

Foreclosure rates in Spokane increased in July over the same period last year, CoreLogic reports.

New data from the company show that the rate of foreclosures among outstanding mortgage loans in the Spokane area was 1.26 percent for July, up from a rate of 1.14 percent in July 2009.

Foreclosure activity in Spokane was lower than the national foreclosure rate of 3.13 percent for July.

Also in Spokane, the mortgage delinquency rate increased. According to CoreLogic data for July, 4.38 percent of mortgage loans were 90 days or more delinquent, compared to 3.2 percent for the same period last year.




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Scott Maben
Scott Maben is a Deputy City Editor who covers North Idaho news.

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