FARMINGTON — The foreclosure rate fell in Farmington in July from the same period last year, according to newly released data from CoreLogic, a firm that analyzes real estate trends.
The Farmington area foreclosure rate was 2.32 percent in July, down from 2.51 percent in July 2011. Foreclosure activity in Farmington was lower than the national foreclosure rate of 3.25 percent for July 2012.
Mortgage delinquency also decreased in Farmington. CoreLogic reported 4.6 percent of mortgage loans were 90 days or more delinquent in July, compared with 4.67 percent for the same period last year.