CoreLogic: Completed foreclosures drop 16.2%

CoreLogic: Completed foreclosures drop 16.2%

Housing analytics and service provider CoreLogic has released its National Foreclosure Report for February, showing 54,000 completed foreclosures in the U.S. in February 2013, down from 67,000 in February 2012, a year-over-year decrease of 19 percent.

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CoreLogic (NYSE: CLGX), Irvine, Calif., on Tuesday reported that national foreclosure inventory in October declined by 31.5% and completed foreclosures declined by 24.9% compared with October 2015.

There were about 34,000 completed foreclosures in July – a decrease of 6.8% compared with about 36,000 in June and a decrease of 16.5% compared with 41,000 in July 2015, according to CoreLogic’s National Foreclosure Report. What’s more, completed foreclosures were down 71.2% from the peak of 118,009 in September 2010.

Data from corelogic revealed 55,000 homes were lost to foreclosure in November.. Although foreclosure inventory is shrinking, the number of completed foreclosures is still high compared to pre.

foreclosure timelines, thus affecting foreclosure statistics. A completed foreclosure occurs when a property is auctioned and results in the purchase of the home at auction by either a third party, such as an investor, or by the lender. If the home is purchased by the lender, it is moved into the lender’s real estate-owned (REO) inventory. In

The number of completed. and CEO of CoreLogic. "Although judicial states will likely continue to lag, given current trends, it is reasonable to expect a continued and significant drop in the rate.

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The five states with the highest number of completed foreclosures in the 12 months ending in December 2016 were Florida (45,000), Michigan (30,000), Texas (24,000), Ohio (21,000) and California.

However, completed foreclosures increased slightly month-over-month, up 2.5 percent from May. CoreLogic reported that approximately 4.5 million foreclosures have been completed nationwide since the financial crisis began in September 2008. "Completed foreclosures continued to drop for the 19th straight month.

CoreLogic Reports February 2015 Completed Foreclosures Down 67 Percent From 2010 Peak. chief economist at CoreLogic. "While the drop in the share of mortgages in foreclosure to 1.4 percent is a welcome sign of continued recovery in the housing market, the share remains more than double the.

Ally Financial denies foreclosure moratorium Bank of America Corp. halted foreclosures in all 50 states last week, while lenders including jpmorgan Chase & Co. and Ally Financial Inc. have stopped. said in a speech in New York today that a.

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The number of completed foreclosures in May decreased yearly and increase slightly from the previous month, CoreLogic reported Friday. The number of completed foreclosures last month totaled.

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