Foreclosures in the State of South Carolina from July to August 2009 was up 1.94%, compared with the national decrease of less than 1%. These numbers are more than 78% higher than one year ago.
The August 2009 U.S. Foreclosure Market Report has South Carolina at 2,475 distressed properties in some state of default in August, compared to 2,428 in July. These figures are for all properties in the foreclosure process, including default notices.
Horry county with includes Myrtle Beach, North Myrtle Beach, Surfside Beach, Garden City, and the Coastal Grand Strand, posted 146 foreclosures.
On the national scene, Nevada, Florida and California are listed as the top state foreclosure rates for August. Those states have led the downturn in the housing market since the recession began. One out of every 62 housing units in Nevada was in some state of default. In South Carolina, one out of every 817 homes, which means fewer homes are in trouble in the South Carolina.
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