Almost 66,000 Completed Foreclosures in April 2012

By
Real Estate Agent with VasTree 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

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

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Office (818) 441-8881

Mobile (818) 441-8881

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Monrovia, CA 91016

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