The number of mortgage foreclosures in Vermont is slowing down, but it’s still ahead of last year.
According to state data, compared with the first nine months of last year, foreclosures have increased 41 percent across the state and 74 percent in Chittenden County.
Deputy Banking Commissioner Tom Candon says half of the people calling the state’s mortgage assistance hot line say they are missing housing payments because they have lost a job or have had a decline in household income.
Vermont still has the lowest level of delinquency in New England. It also has the 11th-lowest percentage in the nation of mortgage holders in foreclosure or at least 90 days behind on payments.