Home foreclosures spike in El Paso
POSTED: Tuesday, July 22, 2014 - 6:22pm
UPDATED: Wednesday, July 23, 2014 - 12:26pm
El Paso, Texas (KTSM) — El Paso is seeing a huge spike in home foreclosures.
According to a new report from RealtyTrac, foreclosures are up to 134 percent this year compared to 2013.
El Paso had 668 homes in some state of foreclosure from January through June compared to 286 homes over the same time period in 2013.
However, we are still faring better here in El Paso compared to most U.S. cities. The foreclosure rate is just slightly higher than the state average.