CHARLESTON, W.Va. -- West Virginia home foreclosures dropped to 2,900 last year, the lowest number since 2008, according to a report released to state lawmakers Tuesday.
The number of failed mortgages statewide is on pace to decline even more this year -- to about 2,800 by Dec. 31.
"West Virginia hasn't seen the problems to the extent that other states have," said Erica Boggess, acting executive director of the West Virginia Housing Development Fund. "We seem to be trending downward."
West Virginia foreclosures peaked at 3,429 in 2009 amid the national economic recession and housing crisis.
Even so, the percentage of homes that have gone through foreclosure in West Virginia has remained smaller than other states.
Last year, 2 percent of all West Virginia home loans were in the foreclosure process, compared to 4.3 percent nationally, according to data from the Mortgage Bankers Association.
"All in all, while the rest of the nation suffered, West Virginia fared much better than our counterparts," said Steve Fisher, deputy director of program operations at the housing fund. "We really haven't had the foreclosure crises we hear about in the areas that had the [housing] bubble."
Last year, Berkeley County reported 572 foreclosures -- the most of any county in West Virginia. Kanawha had the second-highest number at 153.
Since 2007, Berkeley County had 20 percent of the state's total foreclosures -- the highest percentage, by far, in the state.