Vermont foreclosures

Vermont foreclosure rates were up for the first five months of this year, but a state official says the state did better than most others. May foreclosures were up about 10 percent from one year ago. Just the same, Vermont is improving in several surveys. Thomas Candon of the Department of Banking, Insurance Securities and Health Care Administration says Vermont took a hit in January and February when lenders' moratoriums on foreclosures expired. He said the state has seen a "two-month trend" of declining foreclosures but it's too soon to say the trend will continue.