35 Percent Decline in Natioinal Foreclosure Inventory from Year Ago

There are 1,172 active foreclosure cases in Flagler County, down from 1,314 one month ago, from 1,455 on January 14 and from over 3,600 in the spring of 2011.

Palm Coast, FL – April 3, 2014 – CoreLogic reports a 35% decline in U.S. foreclosure inventory from one year ago in its latest National Foreclosure Report. There are 1,172 active foreclosure cases in Flagler County, down from 1,314 one month ago, from 1,455 on January 14 and from over 3,600 in the spring of 2011.

 Highlights from the CoreLogic report which looks at the national scene include:

  • Fewer than 1.9 million mortgages (4.9%) are seriously delinquent.
  • The shadow inventory is down 2.9% compared to third quarter 2013.
  • February foreclosure completions were down 15% from February 2013.
  • Since the financial crisis began in 2008, approximately 4.9 million foreclosures have been completed.
  • The five states with the highest foreclosure inventory as a percentage of mortgaged homes are New Jersey (6.2%), Florida (6.0%), New York (4.7%), Maine (3.4%) and Connecticut (3.2%).
  • The five states with the lowest foreclosure inventory as a percentage of mortgaged homes are Wyoming (0.3%), Alaska (0.4%), North Dakota (0.5%), Nebraska (0.5%) and Colorado (0.6%).
  • The 12-month sum of completed foreclosures is at its lowest point since December 2007 and has declined every month for the past 26 consecutive months.
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