June Marks 20 Months Of Declines For Mortgage Foreclosure Inventory

Completed foreclosures and distressed inventory continued their downfall in June, CoreLogic reported Tuesday. Data for last month showed 55,000 homes were lost to foreclosure, down 20 percent from June 2012. The level of foreclosure inventory also came down in June. According to CoreLogic’s estimate, about 1 million homes were in some stage of foreclosure, which represents a 28 percent annual decrease. The yearly decline marks the 20th consecutive month inventory has trended down. » Read More