Get linked to 777 Foreclosures AVAILABLE NOW: In December 2014 Foreclosures declined but you can still get them in January!
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Completed Foreclosures Decline in November
CoreLogic released its November National Foreclosure Report, which provides data on completed U.S. foreclosures and the foreclosure inventory. According to CoreLogic, for the month of November 2014, there were 41,000 completed foreclosures nationally, down from 46,000 in November 2013, a year-over-year decrease of 9.6 percent and down 64 percent from the peak of completed foreclosures in September 2010. On a month-over-month basis, completed foreclosures were down 12.6 percent from the 47,000* reported in October 2014. As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.
Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 5.5 million completed foreclosures across the country, and since homeownership rates peaked in the second quarter of 2004, there have been approximately 7 million homes lost to foreclosure.
As of November 2014, approximately 567,000 homes nationally were in some stage of foreclosure, known as the foreclosure inventory, compared to 880,000 in November 2013, a year-over-year decrease of 35.5 percent and representing 37 consecutive months of year-over-year declines. The foreclosure inventory as of November 2014 made up 1.5 percent of all homes with a mortgage, compared to 2.2 percent in November 2013. On a month-over-month basis, the foreclosure inventory was down 3.3 percent from October 2014. The current foreclosure rate of 1.5 percent is the lowest inventory level since March 2008.
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