Foreclosure rates in Toledo increase

Foreclosure rates are up in Toledo. / File photo

A new housing report indicates foreclosure rates in the Toledo area are on the rise. Corelogic released the findings, which show foreclosure rates were up more than three and a half percent in June 2011.

That's up almost three quarters of a percent from this same time last year, which may not sound that impressive, but the Toledo rate is overall higher than the national foreclosure rate--three and a half percent.

The report also reveals homeowners are doing a good job of keeping up with their house payments. The local mortgage delinquency rate is more than six and a half percent, down from this time last year.