Home repossession rate drops, but more enter foreclosure process

Image by Flickr user wonder_alImage by 20090416-foreclosure.jpg

While the rate at which South Carolina homes were repossessed fell during the first quarter on 2009, the number of homes being reposed and entering the repossession (foreclosure) process surged, The Charleston Regional Business Journal reports.

Read more stories on this subject in our foreclosure topic page.In short: The bandage is holding, but is the wound healing?

Head over to the paper for the full rundown on what is happening and foreclosures by county.