Maryland's home mortgage foreclosure rate fell 22.7 percent last month from December, according to new figures from RealtyTrac of Irvine, Calif. However, the state's rate of one filing per 446 households was up 41.4 percent from January 2009. Maryland had the 13th highest rate in the nation last month, below the U.S. average of one filing per 409 households. The national average fell 9.7 percent in January from December. For the first time in more than a year, Prince George's County did not have the highest rate in the state. The county's rate of one filing per 285 households was second to Baltimore city's rate of one per 235.
SOURCE: Gazette
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