Tag Archives: Foreclosures Remain a Problem in Some States

One in 53 mortgages were foreclosed on in 2012, according to the latest data from CoreLogic. While the number is still high, CoreLogic notes the numbers are quickly improving. Foreclosures dropped 21 percent in December 2012 compared to December 2011. In December, 56,000 foreclosures were completed compared to 71,000 a year prior. An average of 21,000 foreclosures completed in a month is considered more of a “normal” range, according to CoreLogic. Since September 2008, there have been about 4.1 million homes lost to foreclosure, according to CoreLogic data. Foreclosure inventories […]