Florida leads nation in foreclosure inventory

Florida has the highest rate of foreclosure inventory in the country at 11.5 percent, according to a report from CoreLogic. Foreclosure inventory is calculated as a percentage of all mortgaged homes. Florida was followed by Illinois. The Sunshine State also led the country in completed foreclosures in the 12-month period ending in June, with 90,961 completed. That was more than triple the total completed in Illinois. Despite that total, Florida’s foreclosure inventory has fallen by just 1 percent compared to 2011. Around 3.4 percent of all homes in the United States with a mortgage were in foreclosure as of June 2012. — Alexander Britell