Wednesday, December 9, 2015

Foreclosure Inventory Falls 21 Percent in October 2015

Corelogic link to the current national foreclosure picture:

Foreclosure Inventory Falls 21 Percent in October 2015:

In brief...

"The foreclosure inventory fell 21.5 percent year over year in October 2015.
The seriously delinquent inventory fell 19.7 percent year over year in October 2015.
The foreclosure rate in judicial states is still two and a half times the pre-crisis rate.

The national foreclosure inventory – the number of loans in the foreclosure process – fell 21.5 percent year over year in October 2015 to approximately 463,000 homes, or 1.2 percent of all homes with a mortgage, according to the latest CoreLogic Foreclosure Report. The foreclosure inventory has fallen on a year-over-year basis every month since November 2011 (Figure 1) and in October 2015 was 70.4 percent below the January 2011 peak."

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