WDRB 41 Louisville - News, Weather, Sports CommunityForeclosure rates rise in Kentuckiana

Foreclosure rates rise in Kentuckiana

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  • Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.
    Thanks to a grant from Norton Healthcare, this story and others are available in real-time closed captioning on WDRB.

LOUISVILLE, Ky. (WDRB) -- A new housing report released Thursday indicates foreclosure rates in the Louisville-Jefferson County area are on the rise.

The figures were released by CoreLogic -- a leading provider of consumer, financial and property information -- and show foreclosure rates in August 2011 inching toward three percent.

While that's up from this same time last year, the Louisville-Jefferson County rate is actually lower than the national foreclosure rate. That rate still sits at almost 3.5 percent.

The report also says homeowners are having trouble keeping up with their house payments.

The local mortgage delinquency rate is nearing six percent -- more than it was at the same period in August of 2010.

Click here to view foreclosure rates in Kentuckiana by zip code.

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