CARS HOMES JOBS

Foreclosures increase across most of area

Wednesday, May 8, 2013
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— Foreclosure activity was on the rise last month across the Capital Region except in Albany County, where default notices, scheduled auctions and bank repossessions all dropped off.

For the most part, Fulton, Montgomery, Saratoga, Schenectady and Schoharie counties saw an increase in activity in April compared to March and one year earlier, according to the latest report from RealtyTrac, a California-based firm that tracks foreclosures nationwide.

Local activity ran counter to overall foreclosure activity across the nation last month. Foreclosure filings were reported on 144,790 homes in April, down 5 percent from March and 23 percent from April 2012. That was the lowest monthly activity since February 2007.

“The April numbers indicate that the pig is moving through the python when it comes to deferred foreclosures in judicial foreclosure states,” RealtyTrac Vice President Daren Blomquist said in a news release. “Foreclosure starts have been increasing for several months in many of the judicial states, and now that increased volume is showing up in the second stage of the process: the public foreclosure auction.”

Here are foreclosure statistics for the Capital Region last month, broken down by county:

• Albany County had 62 foreclosures in April, down 51.6 percent from March and down 11.4 percent from April 2012.

• Fulton County had 26 foreclosures in April, up 73.3 percent from March and up 2,500 percent from April 2012.

• Montgomery County had 68 foreclosures last month, up more than 871 percent from March and up 1,260 percent from a year earlier.

• Saratoga County had 55 foreclosures last month, up 17 percent from March and up more than 129 percent from one year earlier.

• Schenectady County had 16 foreclosures in April, up 60 percent from March with no change from a year earlier.

• Schoharie County had 15 foreclosures in April, up 87.5 percent from March and up 1,400 percent from April 2012.

 
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