Almost 66,000 Completed Foreclosures in April 2012

By
Real Estate Agent with Sellstate Pacific Realty BRE #01044712

Nationwide close to 66,000 completed foreclosures in April of 2012 compared to 78,000 in April of 2011 and 66,000 in March of 2012. There have been up-to 3.6 million completed foreclosures nationwide, since September 2008.

The following five states have 48.8% of all completed foreclosures for the 12 months ending in April 2012 were: California (142,000), Florida (92,000), Michigan (60,000), Texas (58,000) and Georgia (57,000).
The five states with the lowest number of completed foreclosures for the 12 months ending in April 2012 were: South Dakota (62), District of Columbia (162), North Dakota (541), West Virginia (598) Hawaii (601)
The five states with the most foreclosure inventory as a percentage of all mortgaged homes were: Florida (12.0%), New Jersey (6.7%), Illinois (5.3%), Nevada (5.0%) and New York (5.0%).
The five states with the lowest foreclosure inventory were: Wyoming (0.7%), Alaska (0.8%), North Dakota (0.9%), Nebraska (1.0%) and South Dakota (1.4%).

There were more than 830,000 completed foreclosures over the past year according to Mark Fleming, chief economist of www.corelogic.com/

It appears that, combination of low interest rates and lower priced distressed properties, convinced many buyers to purchase properties before reaching foreclosure. Hopefully, the increased home buying trend will continue help the economy recover as well.

For more complete information on April of 2012 completed foreclosures, please visit
http://www.corelogic.com/about-us/researchtrends/national-foreclosure-report.aspx

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Groups:
"Whacked"!!!

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
1,079,114

John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: