Third Quarter News

R.I. foreclosures jump nearly 10% in 1Q 2009

By Chris Barrett
PBN Staff Writer

PROVIDENCE – The number of foreclosure notices in Rhode Island rose 9.2 percent in the first three months of this year compared with 2009, RealtyTrac Inc. said Thursday. The Irvine, Calif.-based real estate tracking firm said one in every 242 homes in the Ocean State received a foreclosure notice in January, February or March.

While the number of foreclosure notices increased compared with the same quarter a year earlier, the total fell 6.4 percent compared with the three months ended Dec. 31. Nationally, RealtyTrac said 1 in every 138 homes received a foreclosure notice during the first quarter, up 16 percent from a year earlier and up 7 percent from the prior quarter.