Foreclosures On The Increase In Tulsa - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Foreclosures On The Increase In Tulsa

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A new housing report out Thursday indicates foreclosure rates in the Tulsa area are on the rise.

According to the report from Corelogic foreclosure rates in May were up to 2.32%. 

While that's up almost three quarters of one percent from this same time last year, the Tulsa rate is actually lower than the national foreclosure rate which stands at 3.15%.

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

The local mortgage delinquency rate for May stood at 5.28% up year over year but less than April's 5.32%.

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