Foreclosure rate drops to 2007 levels

Daily Real Estate News

The foreclosure rate continues to recede, with foreclosure inventories nationwide falling nearly 30 percent and completed foreclosures dropping nearly 15 percent in the past year, according to CoreLogic’s June 2015 National Foreclosure Report, released Tuesday.

The number of foreclosures nationwide fell 63 percent from their September 2010 peak of 117,119. Completed foreclosures are the total number of homes that are actually lost to foreclosure. Since September 2008, about 5.8 million completed foreclosures have occurred across the country.

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August 12, 2015

Housing, real estate

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