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

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
The Centre at Purchase  and George Comfort & Sons CEO Peter Duncan (George Comfort & Sons)
George Comfort & Sons escapes foreclosure on Westchester office campus
George Comfort & Sons escapes foreclosure on Westchester office campus
Drone Photo by Frank Galasso, Vertical Media
DeNardo Capital loses Westchester condo project in bankruptcy sale
DeNardo Capital loses Westchester condo project in bankruptcy sale
Children’s Fund moves to foreclose on Ceruzzi’s UES condo project
Children’s Fund moves to foreclose on Ceruzzi’s UES condo project
Children’s Fund moves to foreclose on Ceruzzi’s UES condo project
Rialto sues to recover $18M on Diamond District building after owner’s murder-suicide
Rialto sues to recover $18M on Diamond District building after owner’s murder-suicide
Rialto sues to recover $18M on Diamond District building after owner’s murder-suicide
The Centre at Purchase at 1, 2, 3, 4 Manhattanville Road with George Comfort & Sons CEO Peter Duncan (George Comfort & Sons)
Westchester office park owned by George Comfort & Sons slated for auction
Westchester office park owned by George Comfort & Sons slated for auction
Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
Inside the fight over New York’s foreclosure laws
Inside the fight over New York’s foreclosure laws
Inside the fight over New York’s foreclosure laws
1 St. Mark’s Place heads for foreclosure
1 St. Mark’s Place heads for foreclosure
1 St. Mark’s Place heads for foreclosure
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...