Foreclosure rates in the Los Angeles-Long Beach-Glendale area decreased in July compared wih the same month last year, according to real estate market tracker CoreLogic.
The area's foreclosure rate among outstanding mortgage loans was 2.77 percent for July, lower than the 3.29 percent rate from July 2009.
The local area's foreclosure rate was also lower than the national figure of 3.13 percent in July.
However, the Los Angeles-Long Beach-Glendale area saw its mortgage delinquency rate rise to 10.17 percent in July, compared with 9.25 percent for the same period last year. Delinquencies represent mortgage loans that were 90 days or more overdue.
