Oklahoma City foreclosure rate up, one firm says; down says another

RealtyTrac reports foreclosure filings in decline. CoreLogic reports foreclosure filings up slightly.
by Richard Mize Published: July 27, 2012
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Oklahoma City's foreclosure trend depends on the numbers tracked.

Some show things getting better, some show things getting slightly worse.

Better

Looking at foreclosures as a percentage of all housing units, Oklahoma City's foreclosure rate the first half of 2012 was down compared to the last half of 2011, and at midyear ranked 125th among the 212 metro areas researched by Irvine, Calif.-based RealtyTrac, a national foreclosure data provider.

RealtyTrac reported that 2,746 homes had foreclosure filings the first six months of this year, or 0.51 percent of all housing units in the Oklahoma City area.

One of every 196 housing units had a foreclosure filing, a decrease of 7.07 percent from the last half of last year and a decrease of 0.58 percent compared with the first half of 2011.

RealtyTrac tracks documents filed in all three phases of foreclosure: default, including Notice of Default and Lis Pendens (lawsuit pending); auction, including Notice of Trustee Sale and Notice of Foreclosure Sale; and Real Estate Owned, or REO properties, that is, homes that have been foreclosed on and repurchased by a bank.


by Richard Mize
Real Estate Editor
Real estate editor Richard Mize has edited The Oklahoman's weekly residential real estate section and covered housing, commercial real estate, construction, development, finance and related business since 1999. From 1989 to 1999, he worked...
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