Completed
This number represents the number of homes lost to foreclosure. And there have been 4.5 million completed foreclosures since the financial crisis began.
Meanwhile, foreclosure inventory, or the homes that are in some stage of foreclosure fell to 1 million as of June 2013, down 28% from 1.4 million a year ago. This represents 2.5% of all homes with a mortgage.
The stock of distressed homes has "fallen dramatically" according to Mark Fleming, chief economist of CoreLogic. And seriously delinquencies are also down 15.9%.
"The
Here are some details from the report:
- Florida has the highest number of completed foreclosures for the 12 months ending June at 107,000. California, Michigan, Texas and Georgia were the other states with the highest number of completed foreclosures.
- The District of Columbia has the lowest at 106, with Hawaii, North Dakota, West Virginia, and Maine rounding off the states with the lowest completed foreclosures.
- Florida has the highest foreclosure inventory as a percent of all mortgages at 8.6%. And Wyoming has the lowest at 0.5%.
This chart from CoreLogic shows the number of mortgaged homes per completed foreclosure:
CoreLogic