Rhode Island foreclosures dropped in third quarter, still up during first 9 months of 2014


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PROVIDENCE, Rhode Island — Foreclosures in Rhode Island dropped in the third quarter by about 5 percent from the same period a year ago.

A report released being released Thursday by the nonprofit coalition HousingWorks RI shows there were 364 foreclosure deeds in the third quarter of 2014 compared to 368 in the third quarter of 2013.

Jessica Cigna, HousingWorks' research and policy director, tells the Providence Journal (http://bit.ly/1sCVpzV ) it's a sign the state is headed back to normal foreclosure levels.

The number of foreclosures is still up by about 2 percent over the first nine months of the year, due to a large number of foreclosures during the first quarter of 2014.

But the numbers have dropped significantly since the first quarter of 2009, when there were 858 foreclosure deed filings.

Information from: The Providence Journal, http://www.providencejournal.com

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