Completed foreclosures continued their progressive decline, and foreclosure inventory fell to its lowest level since April 2010, CoreLogic reported Thursday.â€œThe reduction in foreclosure volumes is to some degree being facilitated by the rising popularity of alternative resolution methods, such as short sales and loan modifications,â€ said Anand Nallathambi, president and CEO of CoreLogic.
While the national numbers are down, certain states are still seeing a high number of foreclosures, with five states accounting for 48.1 percent of all completed foreclosures, according to the report.
California led among the five states with 110,000 completed foreclosures over a one-year period ending in August. Florida ranked second, with 92,000 foreclosures, followed by Michigan (62,000), Texas (58,000) and Georgia (55,000).
More information at source: http://www.dsnews.com/articles/recovering-finds-footing-as-foreclosures-fall-corelogic-2012-10-04