While national foreclosure starts and bank repossessions were on the rise in July, Pennsylvania went the opposite way, according to California-based RealtyTrac Inc.
The commonwealth posted an 18.4 percent decrease in starts compared with June and 15.4 percent compared with July 2012. Foreclosure completions were down less than one-half of 1 percent from June, but up 6.6 percent compared with last July, according to RealtyTrac.
In the U.S., there were 130,888 properties with foreclosure filings in July. That was up 2 percent from June, which marked a 78-month low, but still down 32 percent from July 2012. One in every 1,001 homes had a foreclosure filing in July.
The rate in Pennsylvania was one in every 1,140 homes, according to RealtyTrac.