Completed foreclosures decline in July:
CoreLogic’s National Foreclosure Report for July shows there were 58,000 completed foreclosures in the U.S. in July 2012, down from 69,000 in July 2011 and 62,000 in June 2012. Since the financial crisis began in September 2008, there have been approximately 3.8 million completed foreclosures across the country. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.
- The five states with the highest number of
completed foreclosures for the 12 months ending in July 2012 were:
California, 118,000; Florida, 92,000; Michigan, 61,000; Texas, 57,000; and
Georgia, 54,000. These five states account for 48.1 percent of all
completed foreclosures nationally.
- The five states with the lowest number of
completed foreclosures for the 12 months ending in July 2012 were: South
Dakota, 32; District of Columbia, 120; Hawaii, 445; North Dakota, 575; and
Maine, 608.
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