CoreLogic: 1 in 53 Mortgages Foreclosed in 2012, 767K Total

Posted To: MND NewsWireCoreLogic presented more evidence today that the foreclosure epidemic in the U.S., while still a serious concern, is rapidly improving . There were 56,000 completed foreclosures in the U.S. in December compared to 71,000 in December 2011, a decrease of 21 percent and there were 2,000 fewer foreclosures in December than in November. As a point of reference there were an average of 21,000 foreclosures completed each month in what might be considered a "normal" period from 2000 to 2006, CoreLogic said. During 2012 there were 767,446 completed foreclosures or one in every 53 active mortgages in the country compared to 830,000 completed foreclosures in 2011. Since the financial crisis began in September 2008 there have been approximately 4.1 million homes lost to foreclosure. The foreclosure inventory...(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.http://www.mortgagenewsdaily.com/02012013_foreclosures_core_logic.asp @ uwad.com