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ยป VISIT US ONLINE @ DSNEWS.COM 79 IN THE NEWS Foreclosure Deed Filings Continue to Drop in Rhode Island Foreclosure deed filings were down in Rhode Island for the third quarter of 2014, according to a report published by Housing- Works RI at Roger Williams University. In all, 364 foreclosure deeds were filed in Rhode Island in Q 3, down from the 382 filed in Q2 2014, a decline of 5 percent, according to HousingWorks RI. Year-to-date through the end of Q 3 2014, however, residential foreclosure deed filings ticked up by 2 percent in the Ocean State from the same period in 2013 from 1,170 to 1,193. Despite the slight year-over-year increase for the three quarters combined, the 364 fore- closure deed filings in Rhode Island for Q 3 2014 are less than half of the total from Q1 2009 (858) at the height of the nation's hous- ing and financial crisis, according to Hous- ingWorks RI. Fifteen communities (out of 39) and the East Side of Providence reported year-over-year declines in foreclosure deeds filed for the first three quarters of 2014, while four communities reported no change and 20 communities reported an increase. "We're encouraged to see residential foreclosure deed filings continue to decline in Rhode Island," said Jessica Cigna, research and policy director for Housing- Works RI at Roger Williams University. "We had a large increase in foreclosures during the first quarter of 2014 compared to the first quarter of 2013, and that is still affecting the cumulative annual numbers. It will be interesting to see how this year plays out in the fourth quarter." While the state's Q 3 2014 unemploy- ment rate of 7.6 percent is still way above the national average of 5.8 percent, it is still down from the Q1 2009 rate of 10.1 percent, HousingWorks RI reported. Rhode Island's percentage of seriously delinquent mortgage loans, which are those more than 90 days overdue or in foreclosure, has been slowly but steadily declining since 2009 and was at 6.1 percent for Q 3 2014, according to HousingWorks. e 6.1 percent rate is still higher than the national average of seriously delinquent mortgage loans during Q 3, which was 4.65 percent. New York Todd Yovino Broker/Owner Island Advantage Realty, LLC Metropolitan New York and Long Island's Default Specialist for Over 26 Years Todd@iarny.com | 631-820-3400 www.islandadvantage.com Pennsylvania RANK: 14 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 2.63% 2.04% 5.1 YEAR AGO 2.73% 2.90% 6.9 YEAR-OVER-YEAR CHANGE -3.6% -29.7% -1.8 Top County MONROE COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 5.41% 7.74% YEAR AGO 5.47% 11.60% YEAR-OVER-YEAR CHANGE -1.2% -33.3% Top Core-Based Statistical Area EAST STROUDSBURG, PA 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 5.41% 7.74% YEAR AGO 5.47% 11.60% YEAR-OVER-YEAR CHANGE -1.2% -33.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Rhode Island RANK: 10 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 3.80% 2.09% 7.1 YEAR AGO 3.87% 2.93% 9.4 YEAR-OVER-YEAR CHANGE -1.8% -28.7% -2.3 Top County PROVIDENCE COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.67% 2.53% YEAR AGO 4.78% 3.54% YEAR-OVER-YEAR CHANGE -2.4% -28.4% Top Core-Based Statistical Area PROVIDENCE-WARWICK, RI-MA 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 4.16% 2.07% YEAR AGO 3.87% 2.93% YEAR-OVER-YEAR CHANGE 7.5% -29.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Vermont RANK: 11 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate NOVEMBER 2014 1.76% 2.07% 4.3 YEAR AGO 1.79% 3.13% 4.3 YEAR-OVER-YEAR CHANGE -1.7% -33.7% 0 Top County GRAND ISLE COUNTY 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 1.50% 5.39% YEAR AGO 2.45% 5.56% YEAR-OVER-YEAR CHANGE -38.7% -3.1% Top Core-Based Statistical Area RUTLAND, VT 90+ Day Foreclosure Delinquency Rate Rate NOVEMBER 2014 2.35% 3.01% YEAR AGO 2.23% 4.46% YEAR-OVER-YEAR CHANGE 5.6% -32.5% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the November 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary November 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. The number of completed foreclosures in Pennsylvania for the 12-month period ending November 30, 2014, the eighth-highest total among states. Source: CoreLogic STAT INSIGHT 20,031