Florida January Foreclosure Inventory is Down by Nearly Half in One Year

Twenty-four states Show declines of more than 30 percent in year-over-year foreclosure inventory, with Florida (−49.0%) and Maine (−49.5%) experiencing the greatest year-over-year declines

Palm Coast, FL – March 12, 2015 – CoreLogic released yesterday its National Foreclosure Report for January.

"Approximately 549,000 homes in the United States were in some stage of foreclosure as of January 2015, compared to 822,000 in January* 2014, a decrease of 33.2 percent. This was the 39th consecutive month with a year-over-year decline. As of January 2015, the foreclosure inventory represented 1.4 percent of all homes with a mortgage, compared to 2.0 percent in January 2014."

Four states and the District of Columbia have the highest foreclosure inventory as a percentage of mortgaged homes. They are New Jersey (5.2%), New York (4.0%), Florida (3.5%), Hawaii (2.7%) and D.C. (2.5%).

The five states with the lowest foreclosure inventory as a percentage of mortgaged homes are Alaska (0.3%), Nebraska (0.4%), North Dakota (0.4%), Arizona (0.5%) and Montana (0.5%).

Nationally, there were 552,048 foreclosure completions in the 12 months ending January 2015. Florida’s contribution to that count was 111,321 (20.2% of the total).

Flagler County had 921 foreclosure completions during the 12 months ending January 2015. As of March 5, 2015, there were 708 Flagler County properties in some stage of foreclosure (open cases).