U.S. Foreclosure Rates Remain Steady In June 2012 With California, Florida, Michigan, Texas And Georgia As Top Five Foreclosure States

31 07 2012

There were 60,000 finished foreclosures in June, the same as in May, and down from the 80,000 seen in June 2011, CoreLogic said. Since the financial crisis erupted in September 2008, there have been about 3.7 million foreclosures. About 1.4 million homes, or 3.4 percent of homes with a mortgages, were in some stage of the foreclosure process. That was down from 1.5 million homes, or 3.5 percent, a year ago and unchanged from May. The five states with the highest number of foreclosures in the last 12 months were California, Florida, Michigan, Texas and Georgia. Those states alone accounted for 48.4 percent of all completed foreclosures.

Advertisements




“Ready4Remodel” REO Homes In Georgia: 192 Airport Rd., Abbeville, GA 31001 Is Listed At $49,135 With FHA 203k Renovation Financing Through Prospect Mortgage

11 07 2012

“Click on Prospect For FHA 203k Financing”