IRVINE, Calif. – April 12, 2016 – CoreLogic's February 2016 National Foreclosure Report finds a 37.6 percent drop in Florida's foreclosure inventory in just one year. Of 21 U.S. states that foreclose through the court system, the Fla. inventory decline outpaced second-place New Jersey's by 12 percent.
Nationally, the foreclosure inventory declined by 23.9 percent when counting both judicial and non-judicial states, and completed foreclosures dropped 10 percent year-to-year.
The number of completed Florida disclosures dropped 36.6 percent year-to-year. Nationally, the decline was 19 percent. The foreclosure inventory represents the number of homes at some stage of the foreclosure process and completed foreclosures reflect the total number of homes lost to foreclosure.
As of February 2016, the national foreclosure inventory included approximately 1.1 percent of all homes with a mortRead More