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Foreclosure rates drop in Wyoming-Grand Rapids | Business

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Foreclosure rates drop in Wyoming-Grand Rapids
Foreclosure rates drop in Wyoming-Grand Rapids

WYOMING, Mich.—Home foreclosure rates in Wyoming and Grand Rapids are dropping.

According to Corelogic, only 0.81 percent of homes in the Grand Rapids-Wyoming area were in foreclosure this past June.  That’s about half a percentage point lower than the same time last year.  At 2.49 percent, the national foreclosure rate in June was more than triple the rate in Grand Rapids Wyoming.

Only 3.2 percent of homeowners in Grand Rapids/Wyoming were 90 days or more behind on making their mortgage payment in June 2013.  That’s 1.13 percent lower than the same time last year, and more than 2 percent lower than the national average foreclosure rate.