Foreclosure rates in Tyler on the rise

Released by CoreLogic:

TYLER, TX - A new housing report out Tuesday indicates foreclosure rates in the Tyler area are on the rise.

These figures, coming from CoreLogic, show foreclosure rates up in November 2010, over one percent.

While that is up almost a quarter percent from this same time last year, the Tyler rate is actually lower than the national foreclosure rate.

That rate still sits at almost three and a half percent.

The report also says homeowners are doing a good job of keeping up with their house payments.

Local mortgage delinquency rate is nearing four percent, that is down from what it was at this time last year.