Wasatch Front Foreclosure Picture Continues To Darken

The Wasatch Front’s foreclosure problem continues to grow, a new report shows.

Owners of nearly 8,300 residential properties in the Salt Lake metro area received a foreclosure-related filing in the first six months of the year, according to RealtyTrac, a company that tracks foreclosures nationally. That’s up more than 55 percent from the same six-month period last year.

By comparison, the number of households nationally facing foreclosure rose only 8.3 percent from January to June.

The Salt Lake area was among 154 out of 206 metro areas with a population of at least 200,000 that had an increase in foreclosure activity. But the rate locally tops the national average, with one in every 48 homes receiving a filing, compared with one in 78 U.S. homes.

“Obviously, the numbers are a little depressing,” said Salt Lake City economist Jeff Thredgold, a consultant to Zions Bank.

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