POSTED: Saturday, February 6, 2010 - 9:13am
UPDATED: Thursday, February 25, 2010 - 12:35pm
The recession has made its effects in the foreclosures in the Brownsville and Harlingen area.
A new housing report released on Thursday, from First American Corelogic, indicates that foreclosure rates in the area are on the rise. In December of 2008 the foreclosure rate was .93% compared to December of 2009 was at 1.60%, which was an increase of .67%. Last year the numbers on foreclosures started creeping up slowly, as the recession began to take it's toll.