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With 5,732 properties in Maryland in some stage of foreclosure — delinquency, seized by a lender or sold at foreclosure auction — the state’s foreclosure rate is up 80.5 percent from February 2009, and up 9.62 percent from January.
Rural counties including Allegany, Caroline, Cecil, Dorchester, Kent, Somerset, Talbot and Worcester all saw at least triple-digit increases in the foreclosure rate over last year, but together those counties accounted for only 262 foreclosures, or less than 5 percent of the filings in the state.
Prince George’s County again led the state in total number of foreclosed homes, with 1,789 distressed properties. That’s a nearly 60 percent increase over January and more than 70 percent increase over the early months of 2009.
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