Foreclosure Activity Surges Across Scranton/Wilkes-Barre Region

Locator map of the Scranton-Wilkes-Barre Metro...

Locator map of the Scranton-Wilkes-Barre Metropolitan Statistical Area in the northeastern part of the of . (Photo credit: Wikipedia)

Regional foreclosures advanced at the state’s highest percentage among metropolitan areas in 2013.

Property repossessions, home auction notices and mortgage default activity in the Scranton/Wilkes-Barre metro area soared by 60 percent, compared to 2012, according RealtyTrac, a Los Angeles-area company that tracks national foreclosure trends.

Foreclosures climbed in the area during all four quarters of the year and the annual increase was largest proportionately among state metro areas, RealtyTrac data show. York’s 32 percent increase was the second-largest jump.

The region experienced eight straight quarters of foreclosure declines before activity accelerated in the first quarter of 2013.

Read more: http://citizensvoice.com/news/business/foreclosure-activity-surges-across-region-1.1619761

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