Central Pa. foreclosures fall in August
Midstate foreclosure filings were 55 percent higher in August 2012 than they were last month, according to California-based Realty Inc., an online foreclosure marketplace.
The biggest county-level drop in Central Pennsylvania was in York County, which posted 208 foreclosures in August. That was down 52 percent from last August, according to RealtyTrac.
York County still saw the most of the five counties in the Business Journal’s coverage area, but just barely. Dauphin County had 204 foreclosures in August, which was down about 23 percent from August 2012.
Lancaster County was third with 165 in August, down more than 24 percent from last August, according to RealtyTrac.
Meanwhile, Cumberland and Lebanon counties posted 12 and 13 foreclosures, respectively, in August.
Year-over-year, U.S. foreclosure filings fell 34 percent in August, according to RealtyTrac. There were 128,560 in August.
RealtyTrac equates the big drop to falling foreclosure starts. There were 55,775 in August, down 44 percent from a year ago. That was the lowest level since December 2005.
In Pennsylvania, there were 4,229 foreclosures in August. That was down more than 9 percent over the year. On starts, Pennsylvania saw 1,912 in August, which was down more than 14 percent, according to RealtyTrac.