According to CoreLogic, October foreclosures
dropped 25 percent from September to 58,000. Down from the September reading of
77,000. Year-over-year, foreclosures also fell, dropping 17 percent from 70,000
in October 2011. While down significantly, these readings are still well above
the monthly average of 21,000 from 2000 to 2006 prior to the housing market
decline in 2007.
CoreLogic is a leading provider of information,
analytics and business services. According to this report, A completed
foreclosure occurs when a property is auctioned and results in the purchase of
the home at auction by either a third party, such as an investor, or by the
lender.
Shawn Kaplan is an active, 50 state Licensed loan officer with Access National Mortgage. Email Shawn at skaplan@accessnational.com or a member of his team anytime for more information or a consultation!
(615) 426-3182
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