Georgia Among States with Highest Completed Foreclosures over Past 12 Months
District of Columbia recorded the fewest foreclosures in the 12 months to January even as home foreclosures declined at the start of the new year, 24/7 Wall St. reported citing data from research firm CoreLogic Inc. D.C. had only 96 foreclosures over the past 12 months.
Florida (95,000), Texas (59,000) and Georgia (50,000) were among the five states with the highest number of completed foreclosures in the past 12 months.
The three states with the largest inventories of foreclosed properties were: Florida (10%), New Jersey (7.2%) and New York (5.1%),
Nationwide, 61,000 U.S. homes were foreclosed in January, more than the revised 56,000 in December but down from 75,000 in January 2012.
The backlog of distressed assets continues to decrease as the foreclosure inventory has fallen to a level not seen since mid-2009, with less than 3% of all mortgages in foreclosure, the report said, quoting CoreLogic executives. The improvement is widespread as only six states and 13 of the largest 100 metro areas had an increase in the foreclosure rate year over year.
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