22 - TCnbc Magazine
Nationwide, the number of foreclosures completed in February fell to 54,000. That was a decrease of 19 percent from 67,000 a year earlier and the lowest level since September 2007, the firm said.
Florida is slogging through the aftermath of the housing meltdown: the state’s foreclosure inventory dropped 2.4 percentage points in February from a year earlier, CoreLogic said.
“Even the major Florida markets are benefiting, with the foreclosure inventories falling the fastest in major metropolitan areas, although from a very high level,’’ Mark Fleming, chief economist for CoreLogic, said in a statement.
After Florida, the states with the highest share of mortgaged homes in foreclosure in February were New Jersey, with 7.2 percent; New York, with 5 percent; Nevada, with 4.6 percent; and Illinois, with 4.5 percent.
By Martha Brannigan
Miami Herald
Florida led the nation in foreclosures completed in 2012
Florida led the nation in foreclosures completed in 2012
For the year ended in February, 95,177 foreclosures were completed in Florida – more than in any other state, according to CoreLogic.
And there are a lot more to come: 9.9 percent of the mortgaged homes in Florida are in some stage of the foreclosure process, marking the highest foreclosure inventory of any state, the Irvine, Calif.-based real-estate data firm said. That compares with 2.8 percent of all mortgaged homes nationwide facing foreclosure proceedings.