Nearly 66,000 Completed Foreclosures Nationally in April

  
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From: Allyson Reynolds [mailto:[email protected]]
Sent: Friday, June 29, 2012 11:30 AM
To: [email protected]
Subject: Nearly 66,000 Completed Foreclosures Nationally in April

 
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Nearly 63,000 Completed Foreclosures Nationally in May3.6 million Foreclosures Completed Since Crisis BeganThere were 63,000 completed foreclosures in the U.S. in May 2012 compared to 77,000 in May 2011 and 62,000* in April 2012. Since the financial crisis began in September 2008, there have been approximately 3.6 million completed foreclosures across the country. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.Highlights as of May 2012:The five states with the highest number of completed foreclosures for the 12 months ending in May 2012 were: California (133,000), Florida (92,000), Michigan (60,000), Texas (58,000) and Georgia (57,000). These five states account for 48.8 percent of all completed foreclosures nationally.The five states with the lowest number of completed foreclosures for the 12 months ending in May 2012 were: South Dakota (48), District of Columbia (74), North Dakota (547), West Virginia (620) and Hawaii (623).The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: Florida (11.9 percent), New Jersey (6.6 percent), Illinois (5.3 percent), New York (5.0 percent) and Nevada (4.9 percent).The five states with the lowest foreclosure inventory were: Wyoming (0.7 percent), Alaska (0.8 percent), North Dakota (0.8 percent), Nebraska (1.0 percent) and South Dakota (1.3 percent)."There were more than 819,000 completed foreclosures over the past year, or an average of 2,440 completed foreclosures every day over the last 12 months," said Mark Fleming, chief economist for CoreLogic. "Although the level of completed foreclosures remains high, it is down 27 percent from a peak of 1.1 million in all of 2010.""Though the national foreclosure inventory levels remain steady, around 1.4 million homes, there have been dramatic shifts at the state level," said Anand Nallathambi, president and CEO of CoreLogic. "Nevada, Arizona and Michigan, for example, each experienced at least a 20-percent decline in the foreclosure inventory from a year ago. While foreclosure inventories in most states are declining, the foreclosure inventory is still rising in many judicial states, such as Hawaii, New York and Connecticut."*April data was revised. Revisions are standard, and to ensure accuracy CoreLogic incorporates newly released data to provide updated results.Click here to download the full May 2012 Foreclosure Report.More Information
For more information, please contact your CoreLogic sales executive, send us an email, or call (866) 774-3282 and mention Campaign Code A038 – Foreclosure Report. © 2012 CoreLogic, Inc. All Rights Reserved.
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