“Remarkable improvement” in foreclosure rate

foreclosure rate

foreclosure rateBy Jann Swanson | Mortgage News Daily

The number of completed foreclosures nationwide in November was down to about 30 percent of the level in the worst days of the housing crisis. CoreLogic’s monthly National Foreclosure Report puts completed foreclosures in November at 33,000 compared to 117,657 in September 2010. The November number is down 21.8 percent from November 2014 and is 10.9 fewer than the 38,000 completed foreclosures in October 2015. As a basis of comparison, between 2000 and 2006 completed foreclosures averaged 21,000 per month nationwide.

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