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Foreclosure Shift Increasingly Evident

Tuesday, May 12, 2015

While the decline in foreclosure activity is still ragged on a month-to-month basis significant changes are increasingly evident year-over-year.  CoreLogic said today that the number of properties in some state of foreclosure was down by a quarter in March compared to a year earlier and completed foreclosures declined by 15.5 percent.

The company said there were 41,000 completed foreclosures in March, down from 48,000 in March 2014 but 7 percent more homes were lost to foreclosure during the month than in February when 38,000 foreclosures were reported.  Completed foreclosures are now down 65.2 percent from the peak in September 2010.  Since September 2008 when the financial crisis is said to have begun approximately 5.6 million homes have been foreclosed.

 

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