Foreclosure Rate in the US Improving, says Corelogic

Posted on June 2, 2014 by Ken in Finance, Real Estate, Residential
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Corelogic has recently released a forecast that would influence many real state investor’s next move in their business venture. Corelogic is a North American company based in Irvine, California that is dedicated in delivering comprehensive information about financial, property, and consumer trends, including analytics and business intelligence.

Anand Nallathambi, the company’s chief executive, stated that there has been two and a half years of continuous decline in the rate of properties that has been subject to preforeclosure. He also added that this fall in the number of homeowners worrying about their homes being repossessed signify that fewer Americans are facing

the troubles and stress of late mortgage charges and defaults.

Based from the data gathered by the company, the number of completed foreclosures in the U.S. in April has dropped from 56,000 to 46,000. They have also reported that only five states made up almost fifty percent of the total completed foreclosures in the whole country over the past year. These states are Florida, Michigan, Texas, California and Georgia.