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Syracuse foreclosure rates up in February
Posted: 05.05.2011 at 12:00 PM
Megan Coleman

Megan Coleman anchors the 5:00p, 5:30p, and 6:00p newcasts on WSTM/NBC and serves as News Content Manager for the CNY Central media group.

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SYRACUSE -- A new housing report by Corelogic finds foreclosure rates are on the rise in Syracuse.

The report finds foreclosure rates were up in February by more than 2.5 percent. That's up almost three quarters of one percent from the same time last year.

The good news is that Syracuse's foreclosure rate is actually lower than the national rate, which sits at over 3.5 percent.

The report also finds homeowners are having trouble keeping up with their house payments. The local mortgage delinquency rate is almost 5.5 percent, more than it was at this time last year.

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