U.S. foreclosures total 57,000 in August, lowest number in years

TRD New York /
Oct.October 04, 2012 09:30 AM

There were 57,000 completed foreclosures in August 2012, down 75,000 a year prior and 58,000 from the previous month, according to a CoreLogic report.

August’s numbers were the lowest since April 2010.

“The continuing downward trend in foreclosures and a gradual clearing of the shadow inventory are important signals that the recovery in housing is gaining traction,” President and CEO of CoreLogic, Anand Nallathambi, said in a statement that accompanied its monthly National Foreclosure Report.

North Dakota, South Dakota, Washington, D.C., Hawaii and Maine had the lowest number of foreclosures in the last year, while California, Florida, Michigan, Texas and Georgia have the highest number of foreclosure inventory as a percentage of all mortgaged houses. Those five states account for 48 percent of all national foreclosures. Florida is still the most stricken state, with 11 percent of all mortgaged homes in foreclosure.  There have been approximately 3.8 million completed foreclosures since the financial crisis began. — Jane C. Timm


Related Articles

arrow_forward_ios
Nationwide foreclosures are at a 15-year low (Credit: iStock)

Foreclosures nationwide fell to 15-year low in 2019

494 Broadway and Thor Equities' Joe Sitt (Credit: Google Maps)

Thor faces foreclosure on site where lender says it’s seeking “unrealistic rents”

Maefield Development's Mark Siffin and 20 Times Square (Credit: Maefield)

Lender forecloses on Maefield’s billion-dollar Times Square project

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Home foreclosures dropped nearly 20% in Q3, report shows

Home foreclosures dropped nearly 20% in Q3, report shows

Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

15 East 63rd Street and Oleg Cassini (Credit: Google Maps and Getty Images)

Oleg Cassini’s former UES headquarters faces foreclosure

Mayor Bill de Blasio and Frank Carone (Credit: Getty Images)

City tapped De Blasio donor to take over foreclosed properties

arrow_forward_ios
Loading...